A Stockholm-based AI startup called Lovable is sprinting toward $1 billion in annual recurring revenue, a milestone that would make it one of the fastest companies ever to reach that threshold.
Lovable, founded by Anton Osika, builds what the industry has started calling a “vibe coding” platform. Users describe what they want in plain English, and the AI generates full-stack applications and websites.
The numbers tell a striking story
Lovable hit $100 million ARR just eight months after crossing its first $1 million in revenue. By November 2025, that figure had doubled to $200 million. By March 2026, it doubled again to $400 million.
As of August 2025, Osika said the company was adding at least $8 million in monthly recurring revenue and projected reaching the $1 billion ARR mark within 12 months. The company has raised approximately $553 million in funding, with its valuation reaching $6.6 billion following late 2025 funding rounds.
