Lovable Claims $500M Annualized Revenue Run Rate, Up From $400M in February
The European startup said it reached the milestone after crossing $400 million in February. Usage has grown to one million new projects per week.
forbes.comLovable has surpassed $500 million in annualized revenue run rate, the company told @techcrunch. The firm last discussed its revenue in February when it said it crossed $400 million. In August 2024 Lovable stated it could hit $1 billion in annualized revenue within 12 months.
The company, founded in late 2023, has not yet reached its three-year anniversary. Lovable also said it has been used to build over 50 million projects. Usage has accelerated to one million new projects a week.
A survey of projects on the company’s blog found that users are primarily non-technical. Users include founders, designers, and salespeople who are building websites, e-commerce storefronts, CRMs, inventory systems, and HR platforms. The company said users are increasingly building software they intend to monetize or use in their businesses.
