Lovable Targets $1 Billion in Annual Recurring Revenue Within the Next Year

Lovable, a startup focused on vibe coding, aims to reach $1 billion in annual recurring revenue within the next year, according to CEO Anton Osika.

In a recent interview with Bloomberg TV, Osika revealed that the company is experiencing a growth rate of at least $8 million in ARR each month. This summer, Lovable disclosed in a blog post that it exceeded $100 million in ARR just eight months after achieving its initial $1 million. Osika mentioned on Bloomberg that the company is on track to hit $250 million in ARR by the end of the year, with goals of reaching $1 billion in the following 12 months.

Founded in 2023, Lovable has rapidly established itself as a key player in Europe’s AI landscape, attaining a $1.8 billion valuation this summer after completing a $200 million Series A funding round.

This article has been updated to verify the correct spelling of the company’s name.