Lovable projects $1B in ARR within next 12 months

Vibe coding startup Lovable aims to hit $1 billion in annual recurring revenue within the next 12 months, according to its CEO, Anton Osika. 

Speaking on Bloomberg TV on Thursday, Osika said the company grows by at least $8 million in ARR each month. In a blog post written this summer, the company said it passed $100 million in ARR just eight months after making its first $1 million. Osika told Bloomberg Thursday the company is projecting to reach $250 million in ARR by the end of this year, and it hopes to reach $1 billion within the next 12 months. 

Founded in 2023, the company has become one of Europe’s AI darlings. It hit a $1.8 billion valuation this summer, raising a $200 million Series A.

This article was updated to reflect the spelling of the company’s name.

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