Fabian Hedin timeline
Lovable’s annualized revenue reached $600 million, according to a statement by co-founder Fabian Hedin at the HumanX summit in Amsterdam on 24 September 2026. The company had announced the figure as approximately $500 million in June.
Deutsche Telekom trajectory
- Lovable focused on enterprise growth; employees at two-thirds of Fortune 500 companies use the platform.
- Customers include Microsoft, Nvidia and Deutsche Telekom.
- Applications created on the platform receive nearly a billion views per month.
Lovable Codex figures
Hedin said that, unlike tools such as Codex or Claude code, Lovable does not only generate code; it also provides product, hosting, deployment and scaling services. He said that the number of visits to the applications is an order of magnitude higher than visits to Lovable itself.
The company raised over $700 million through two rounds conducted eight months apart:
- Last December, it raised $300 million from Menlo Ventures and CapitalG, reaching a valuation of $6.6 billion.
Menlo Ventures metrics
- This August, it raised $400 million from Menlo Ventures and Scaleup Europe Fund, bringing its valuation to $13.3 billion.
Lovable clarified that Hadin actually meant that people at two-thirds of Fortune 500 companies use the platform.