capital · May 21, 2026
Lovable Reaches $400 Million ARR in February 2026 with 146 Employees
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Lovable crossed $400 million in annual recurring revenue in February 2026 after adding $100 million in one month with only 146 employees. The Swedish vibe-coding startup backed early by Creandum grew entirely through digital channels without a U.S. expansion plan. Carl Fritjofsson of Creandum highlighted Lovable's borderless model as European startups face increasing U.S. demand for AI products. The company maintains a $6.6 billion valuation from its December 2025 funding round.
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