Lovable company profile: valuation, funding & revenue

This Lovable company profile covers the company's valuation, revenue, funding rounds, investors and history. Lovable works in artificial intelligence, with a focus on AI app builder (vibe coding). It was founded in 2023 and is headquartered in Stockholm, Sweden. Its latest valuation on record is US$13.3 billion (August 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

US$500 million in annualized run-rate revenue — Annualized run-rate revenue (company-reported), as of June 2026. Source: TechCrunch.

Funding history

Lovable timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2023 — Lovable is founded in Stockholm by Anton Osika (CEO) and Fabian Hedin.
• Dec 2025 — Series B: US$330M, valuing the company at US$6.6B. Investors: Menlo Ventures (lead), CapitalG (co-lead).
• Aug 2026 — Series C: US$400M, valuing the company at US$13.3B. Investors: Menlo Ventures and Scaleup Europe Fund (co-leads), plus more than a dozen others.
• August 2026 — Projects and traffic: 60 million projects hosted; 900 million monthly visitors to apps built on Lovable.

Investors

Overview

Lovable is an AI tool that builds working web applications from plain-language instructions. A user describes what they want, such as a booking system, a customer dashboard or a simple online shop, and Lovable writes the code, designs the interface, connects a database and hosts the result. Users then refine the app by chatting with it. It is one of the leading products in "vibe coding", where people build software by describing it rather than writing code line by line.

Anton Osika, the CEO, and Fabian Hedin founded Lovable in Stockholm in 2023. Osika had created GPT Engineer, an open-source project that became one of the most popular early experiments in AI-generated code, and Lovable grew out of that work. In less than three years it has become one of Europe's fastest-growing and most valuable software companies.

Who uses Lovable

• Non-technical founders: who want to build and test a product idea without hiring developers.
• Product managers and designers: who build prototypes and internal tools quickly.
• Small businesses: building simple apps, websites and tools for their own operations.
• Developers: using Lovable to get a first version running fast, then editing the code directly.

Lovable hosts 60 million projects, and apps built on it receive about 900 million visits a month, according to the company.

How Lovable makes money

Lovable sells subscriptions, with monthly plans that include a number of AI "credits" for generating and editing apps. Heavier users buy higher tiers or additional credits, and teams and businesses pay for collaboration and admin features. Its largest costs are the AI models it uses: Lovable runs its own in-house trained model as well as frontier models from other providers, and computing costs rise with usage. Managing those costs while growing quickly is central to its profitability.

Revenue growth

Lovable's growth has been extraordinary even by AI standards. The company said it reached US$500 million in annualized run-rate revenue in June 2026. Some reports projected a run rate near US$600 million by the end of the summer; we use the company's confirmed figure. Like other consumer-facing AI tools, much of its revenue comes from monthly subscriptions, so investors watch how many users keep paying over time, not just how many sign up.

Funding history

• 2024 and 2025: early rounds, including a large Series A in mid-2025, as revenue took off.
• December 2025, Series B: US$330 million at a US$6.6 billion valuation, led by Menlo Ventures with CapitalG as co-lead.
• August 2026, Series C: US$400 million at a US$13.3 billion valuation, led by Menlo Ventures and the Scaleup Europe Fund, an EU-backed vehicle managed by EQT, with more than a dozen other investors.

Lovable's valuation roughly doubled in eight months. It has also started investing in other startups, including a Danish company building vibe-coding software for hardware, and signed a multiyear deal with Google Cloud in June 2026.

Competitive landscape

Lovable competes with other AI app builders such as Replit, Bolt and Vercel's v0; with AI coding assistants used by developers, including Cursor, GitHub Copilot and Claude Code; and with no-code platforms. The large AI labs can also build similar capabilities into their own products. Lovable's advantages are its focus on non-developers, a polished experience from idea to hosted app, and a large community. Its risks are low switching costs, high model costs, and the speed at which competitors copy features.

What to watch next

Watch revenue retention as early users mature, gross margins as usage grows, enterprise adoption, security and quality of generated apps, and whether Lovable becomes a long-term home for businesses' software or mainly a prototyping tool.

Key facts at a glance

Lovable is a Stockholm AI app builder founded in 2023 by Anton Osika and Fabian Hedin. It reached US$500 million in annualized run-rate revenue in June 2026. It raised US$330 million at US$6.6 billion in December 2025 and US$400 million at US$13.3 billion in August 2026, led by Menlo Ventures and the Scaleup Europe Fund.

What is vibe coding?

"Vibe coding" describes building software mainly by telling an AI what you want and reacting to the results, rather than writing and reading code yourself. It lowers the barrier to creating software dramatically: someone with an idea can have a working prototype in an afternoon. The approach has limits. Generated apps can contain bugs or security weaknesses that a non-technical user won't notice, and complex systems still need experienced engineers. Tools like Lovable are adding testing, security checks and integrations to address these concerns, and many professional developers now use AI tools for parts of their work.

Europe's AI breakout

Lovable is one of the clearest examples of a European AI company achieving global scale quickly, alongside Mistral AI and ElevenLabs. The participation of an EU-backed fund in its Series C reflects European policymakers' interest in keeping successful AI companies headquartered in Europe rather than moving to the US.

Reading fast valuation jumps

When a company's valuation doubles in months, investors are betting that very fast revenue growth will continue. For early AI products, a key question is retention: how many paying users are still subscribed after six or twelve months. High churn can mean revenue looks impressive but needs constant new sign-ups. Our guide to post-money valuation explains how round sizes and valuations relate.

Questions to ask before building on an AI app builder

• Can you export the code and host it elsewhere if needed?
• How does the tool handle security, user authentication and data storage?
• What happens to costs as your app's usage grows?

Testing these points on a small project first, before committing an important product to any single platform, is a sensible way to reduce risk as the tools keep changing.

What this means if you're…

A founder or small business: AI app builders can get a first version running fast; plan for security review before handling real customer data.

A developer: these tools are useful for prototypes and internal tools; know their limits for complex systems.

An investor: look beyond run-rate revenue to retention and gross margin.

Latest developments (October 2026)

Lovable's August 2026 Series C of US$400 million at US$13.3 billion doubled its valuation from December 2025, according to VKTR. The Stockholm company told TechCrunch it reached US$500 million in annualised revenue in June 2026 and was tracking toward about US$600 million by late August. See our vibe coding guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. TechCrunch