Lovable says it added $100M in revenue last month alone, with just 146 employees

Lovable, the Stockholm-based 'vibe coding' platform, has confirmed it reached $400 million in annual recurring revenue (ARR) in February, adding a staggering $100 million in that single month. This growth comes from just 146 full-time employees, resulting in an extraordinary revenue-per-employee ratio. The three-year-old company, which lets users build websites and apps using natural language, has successfully pivoted from individual creators to securing major enterprise clients including Klarna, HubSpot, and over half of the Fortune 500. Its valuation now stands at $6.6 billion.

Despite the rise of AI coding tools from giants like Anthropic (Claude Code) and OpenAI (Codex), Lovable's revenue growth has accelerated, reporting $100M ARR last July, $200M in November, $300M in January, and now $400M. The company attributes its success to features that convince businesses to use it beyond prototyping, including enhanced security. A recent 'SheBuilds' promotion for International Women's Day saw over 500,000 projects built in one day, far above the typical 200,000 daily average, demonstrating strong user engagement. Lovable is now hiring for 70 open positions across Stockholm, Boston, London, New York, and San Francisco.