Swedish AI startup Lovable hits $400m ARR

Swedish AI startup Lovable hits $400m ARR

Tech in Asia·2026-03-12 13:00

Lovable crossed US$400 million in annual recurring revenue in February after adding US$100 million in ARR that month.

Lovable, a natural language app and website builder, has about 8 million users and a US$6.6 billion valuation.

Ryan Meadows, chief revenue officer, said the company has 146 full-time employees and plans to hire across Stockholm, Boston, London, New York, and San Francisco.

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