- Lovable crossed $400 million ARR in February, up from $300 million in January — a 33% jump in a single month.
- The Stockholm-based vibe coding platform operates with just 146 full-time employees, translating to $2.77 million in ARR per employee.
- Co-founder and CEO Anton Osika says more than half of Fortune 500 companies now use the platform.
- Lovable was valued at $6.6 billion in a December round led by CapitalG and Menlo Ventures’ Anthology fund.
- The company plans to nearly triple its headcount to 350 by year’s end, with a new US office opening in Boston.
Lovable, the Swedish AI-powered vibe coding platform, crossed $400 million in annual recurring revenue in February, the company confirmed to TechCrunch. That is $100 million added in a single month — and the company did it with a team of 146 people.
$100 Million to $400 Million in Eight Months
The ARR trajectory tells the story. Lovable hit $100 million in July 2025, $200 million by November, $300 million in January 2026, and now $400 million in February. Revenue growth is not just holding — it is accelerating. “It’s accelerating quite a bit,” chief revenue officer Ryan Meadows told Business Insider.
Founded by Anton Osika and Fabian Hedin, Lovable has grown to 8 million users and 200,000 new projects created daily. The platform initially resonated with non-technical founders and solopreneurs, but enterprise adoption is now driving the fastest growth. Klarna, HubSpot, and more than half of the Fortune 500 are already customers. The company’s $6.6 billion valuation, set in a December round led by CapitalG and Menlo Ventures, reflects that bet on corporate buyers.
Anthropic Is a Partner, Not a Threat
The growth comes despite the rise of AI coding tools from Anthropic and OpenAI — including Cursor, which just crossed $2 billion in annualized revenue. Lovable is built on top of Claude, and when Anthropic launched its marketplace this week, it featured Lovable prominently. “They’re pretty committed to working with us to pass business through,” Meadows said. Most customers use both tools — engineers reach for Claude Code, which recently dethroned ChatGPT in US App Store downloads, while non-technical staff prefer Lovable’s natural-language interface.
A recent user spike underscores the platform’s reach. On International Women’s Day, Lovable’s SheBuilds initiative made the platform free for a day. Over 500,000 projects were built or updated — more than double the daily average. The company now plans to nearly triple its headcount to 350 by year’s end, opening its first US office in Boston. At $2.77 million in ARR per employee, Lovable has already surpassed Gartner’s 2030 benchmark of $2 million ARR per employee for the next wave of unicorns. The AI-powered devtools ecosystem is expanding fast — Depot just raised $10 million to rebuild CI for the same agent-speed teams Lovable serves, while the broader question of whether AI will kill SaaS entirely looms over the sector.
