Lovable has exceeded an annualized revenue run-rate of $600 million, Fabian Hedin, the company’s co-founder, said at the HumanX summit in Amsterdam on Thursday. In June the company had reported a run-rate of roughly $500 million.
Enterprise expansion and clients
According to Hedin, the startup has prioritized growing its enterprise business. He stated that two-thirds of Fortune 500 companies are now using Lovable’s product. Named customers include Microsoft, Nvidia, and Deutsche Telekom.
User-built apps and traffic
Hedin also said that applications created by users on the platform collectively receive nearly a billion views per month. He emphasized that unlike tools that output code, Lovable’s output is a finished product—and increasingly a business. The company provides hosting, deployment, and app scaling services, and the combined visits to user-created apps are an order of magnitude greater than traffic to Lovable itself.
Funding and valuation
Lovable has raised more than $700 million across two funding rounds spaced eight months apart. In December 2023, Menlo Ventures and CapitalG invested $300 million at a $6.6 billion valuation. In August 2024, Menlo Ventures and the Scaleup Europe Fund provided an additional $400 million, valuing the company at $13.3 billion.
Why this matters
The rapid revenue growth, deepening enterprise adoption, and high user-facing traffic suggest Lovable is strengthening its position in the enterprise AI and app-platform market. The consecutive large funding rounds indicate substantial investor confidence in the company’s growth prospects.
