"The Swedish startup says its annual recurring revenue has surged by more than 30%, from $300 million to $400 million in a single month, and could top $1 billion by year's end, Lovable's chief revenue officer, Ryan Meadows, told Business Insider in an exclusive interview."
"Vibe coding allows novices with limited programming expertise to create code using AI. Lovable, founded by Anton Osika and Fabian Hedin, aims to make coding even more user-friendly, enabling non-engineers to make software and applications."
"Lovable now boasts over 15 million daily active users and sees 200,000 new vibe coding projects created each day, according to Meadows. The vast majority of Lovable users are still non-technical founders and entrepreneurs."
Lovable, a Swedish vibe coding startup, has achieved rapid growth with annual recurring revenue surging 30% from $300 million to $400 million in a single month, potentially reaching $1 billion by year's end. The company, valued at $6.6 billion, operates in the expanding AI-powered coding tools market alongside competitors like Claude Code and Cursor. Vibe coding enables non-technical users to create software using AI assistance. Lovable launched in late 2024, reaching $100 million ARR in eight months and doubling to $200 million by year-end 2025. The platform now serves over 15 million daily active users with 200,000 new projects created daily, primarily attracting non-technical founders and entrepreneurs.
Read at Business Insider
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