Lovable hits $600M ARR with two-thirds of Fortune 500 on board
Lovable just crossed $600 million in annualized revenue. Co-founder Fabian Hedin disclosed the figure at the HumanX summit in Amsterdam on September 24, 2026. That is up from roughly $500 million in June, a $100 million jump in about three months.
Enterprise Is the Story Now
According to TechCrunch, Hedin said Lovable is now used by around two-thirds of Fortune 500 companies. Named customers include Microsoft, Nvidia, and Deutsche Telekom. The platform is no longer just a tool for solo developers and early-stage startups.
Apps built on Lovable collectively receive nearly one billion visits per month, which Hedin noted is an order of magnitude more than Lovable’s own site.
How Lovable Positions Itself
Hedin drew a clear line between Lovable and tools like Codex and Claude Code. His argument: those tools generate code, while Lovable aims to produce a working product and, increasingly, an entire business around it. The platform covers hosting, deployment, and application scaling, not just code generation.
The Funding Picture
Lovable has raised more than $700 million across two rounds in eight months. In December it closed $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation. In August it added another $400 million from Menlo Ventures and the Scaleup Europe Fund, pushing its valuation to $13.3 billion.
For operators watching the vibe-coding space: the enterprise pull here is real, and the gap between “generates code” and “ships a deployable product” is where Lovable is placing its bet.
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