Vibe coding startup, Lovable, has set its sights on reaching $1 billion in annual recurring revenue (ARR) within the next 12 months.
Speaking on Bloomberg TV, CEO Anton Osika confirmed that Lovable is adding at least $8 million in ARR each month. This pace is remarkable for a young startup in a highly competitive sector.
The company reached $100 million in ARR this summer, just eight months after surpassing its first $1 million in ARR.
Osika noted that Lovable expects to close the year with $250 million in ARR. From there, the company aims to quadruple that figure within the following year.
Lovable’s Journey
Founded in 2023, Lovable quickly became one of Europe’s standout AI startups. Its growth trajectory has been fueled by strong product-market fit and aggressive scaling.
In the summer, the company secured a $200 million Series A funding round, which raised its valuation to $1.8 billion.
Although the company’s rise mirrors the momentum of Europe’s AI system, its scaling speed is uncommon. Very few companies achieve a nine-figure ARR within two years of launch.
Vibe Coding
Lovable’s growth is anchored in its “vibe coding” model, which combines AI automation with an intuitive, user-friendly coding experience.
It reduces development complexity and speeds up project delivery. The platform serves a wider audience by catering to both developers and non-technical users.
Enterprises see efficiency gains, while individual creators benefit from reduced learning curves. This dual appeal has been a key driver of adoption.
Reaching The Target
The $1 billion goal is ambitious, yet the company’s current growth rate makes it feasible.
At $8 million in new ARR each month, Lovable is positioned for substantial gains. Moreso, additional market expansion or accelerated adoption could push growth even further.
However, sustaining this momentum will require strategic execution. Scaling demands strong infrastructure, skilled talent, and disciplined operations.
