Lovable says annual run-rate revenue has passed $600M, up from about $500M in June
- Amount
- $600M
- Place in VP50
- #44
- Sources
- 2
- Claims verified
- 7 of 8
What happened
Lovable co-founder Fabian Hedin said the company had passed $600 million in annual run-rate revenue. TechCrunch reported that he announced the figure at the HumanX summit in Amsterdam on Thursday, September 24, 2026. The Next Web, which covered an on-stage interview with Forbes senior editor Iain Martin, dated the remarks to Wednesday, September 23 and quoted Hedin as putting revenue at $600m. According to TechCrunch, the company had said in June that its annualized revenue was about $500 million.
Hedin said Lovable had focused on growing its enterprise business, and that people at two-thirds of Fortune 500 companies used the product. TechCrunch named Microsoft, Nvidia and Deutsche Telekom as customers. The Next Web reported that Hedin said Deutsche Telekom had built more than 2,000 applications on Lovable. He said apps built on the platform drew close to a billion visits a month. Both outlets reported that Lovable raised $400 million in August 2026 at a $13.3 billion valuation. The revenue figures are statements by the co-founder; neither source cites audited accounts.
Key points
- Co-founder Fabian Hedin said annual run-rate revenue had passed $600 million.12
- The company had said annualized revenue was about $500 million in June.1
- Hedin said people at two-thirds of Fortune 500 companies use Lovable; Microsoft, Nvidia and Deutsche Telekom were named as customers.12
- Apps built on the platform draw close to a billion visits a month, Hedin said.12
- Lovable raised $400 million in August 2026 at a $13.3 billion valuation.12
Why it matters
The $600 million run-rate is a company-stated figure given weeks after the August round at $13.3 billion. It gives holders a revenue number to read against that last priced mark.
Named customers such as Microsoft, Nvidia and Deutsche Telekom, and the Fortune 500 usage Hedin cited, point to large companies as a source of revenue. The sources do not give a revenue split by customer type.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series A | Jul 17, 2025 | $1.8B | $200M | Accel |
| Series B | Dec 18, 2025 | $6.6B | $330M | CapitalG and Menlo Ventures |
| Series C | Aug 12, 2026 | $13B | $400M | Menlo Ventures and Scaleup Europe Fund |
Updated
Fact-check
- Lovable's annual run-rate revenue has passed $600 million.Confirmed by [1] TechCrunch: Hedin said Lovable has crossed annual run-rate revenue of $600 million. Confirmed by [2] The Next Web: Hedin told HumanX that revenue has reached $600M.Verified
- The figure was given at the HumanX summit in Amsterdam on September 24, 2026.[1] TechCrunch, dated September 24, 2026, says Hedin announced it at HumanX in Amsterdam on Thursday. [2] The Next Web dates the HumanX remarks to Wednesday, September 23, 2026. The two sources disagree on the day.Partly verified
- In June the company said annualized revenue was about $500 million.Confirmed by [1] TechCrunch: in June the company said the number was around $500 million.Verified
- Lovable raised $400 million in August 2026 at a $13.3 billion valuation.Confirmed by [1] TechCrunch: $400 million this August from Menlo Ventures and the Scaleup Europe Fund at $13.3 billion. [2] The Next Web: in August a $400m round valued Lovable at $13.3bn.Verified
- People at two-thirds of Fortune 500 companies use Lovable, per Hedin.Confirmed by [1] TechCrunch, which notes Lovable clarified he meant people at those companies use the platform; [2] The Next Web reports employees at nearly two-thirds of Fortune 500 companies.Verified
- Customers include Microsoft, Nvidia and Deutsche Telekom.Confirmed by [1] TechCrunch, which names all three as customers; [2] The Next Web reports Hedin named Microsoft and Nvidia and discussed Deutsche Telekom.Verified
- Deutsche Telekom has built more than 2,000 applications on Lovable, per Hedin.Confirmed by [2] The Next Web: Deutsche Telekom has built more than 2,000 applications on Lovable.Verified
- Apps built on Lovable draw close to a billion visits a month.Confirmed by [1] TechCrunch, quoting Hedin on close to a billion visits per month; [2] The Next Web reports the same.Verified
Sources
- [1]TechCrunch (opens in a new tab)Lovable's annualized revenue crosses $600M as vibe coding takes offclose to a billion visits per month to the apps that we've created
- [2]The Next Web (opens in a new tab)Lovable says employees at nearly two thirds of Fortune 500 companies use LovableIf you look at the Fortune 500, two thirds of them are using Lovable
