Lovable, a Sweden-based vibe-coding AI startup, announced achieving a $500M annualized revenue run rate in June 2026.
It is in talks to raise $300M, led by Menlo Ventures, aiming to double its valuation to $13.2B within less than three years of operations.
The company’s growth has been fueled by its innovative vibe-coding platform, attracting both individual users like designers and enterprises such as Workday, Asana, and Nvidia.
This milestone demonstrates Lovable's strong market adoption and leadership in the AI coding sector, where it competes with high-profile players like Replit.
Lovable Historical Milestones
Jun 9, 2026
Lovable ARR surpasses $500M aiming for $1B within 12 months$500M
⚡ Grew from 400M to $500M ARR in just 2.9 months
Mar 11, 2026
Lovable ARR hit $400M400M
⚡ Grew from $200M to 400M ARR in just 3.7 months (beating 71% of SaaS peers)
Nov 19, 2025
Lovable ARR Hit $200M$200M
⚡ Grew from $100M to $200M ARR in just 3.9 months (beating 69% of SaaS peers)