Lovable hits $400M ARR
Swedish startup Lovable announced it reached $400 million ARR by shipping AI tools aimed at helping beginners code, drawing major corporate and user interest for accessible developer tooling reported. The milestone underscores investor appetite for products that lower the barrier to software creation via AI.
Lovable crossed $400 million in annual recurring revenue in February after adding roughly $100 million in ARR during that month, the company confirmed to TechCrunch. techcrunch.com The Stockholm-based startup reported achieving the $400M ARR milestone with just 146 employees, a headcount figure cited by TechCrunch in its reporting. techcrunch.com Lovable announced a $330 million Series B at a $6.6 billion valuation on December 18, 2025, a round the company said was led by CapitalG and Menlo Ventures. lovable.dev Cofounders Anton Osika and Fabian Hedin launched Lovable in late 2024 and have grown the business from inception to the current scale in roughly 15 months, according to profiles of the company. founded.com The product, marketed as “vibe coding,” converts natural-language prompts into production apps and websites and is reported to serve about 8 million users. techinasia.com Reports name CapitalG, Menlo Ventures and participating investors including Accel and Nvidia as backers in Lovable’s recent financing activity. cnbc.com Derived from the reported $400M ARR and the disclosed 146 employees, Lovable’s revenue per employee is approximately $2.74 million, a figure calculated from the company’s published numbers. techcrunch.com
