Less than a week after it became Europe’s latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR).
Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers.
With only 45 full-time employees, and 14 open positions on its careers page, that makes for an impressive employee-to-revenue ratio.
Subscriptions seem to be driving the bulk of Lovable’s revenue, but the company isn’t prioritizing sales at all costs. Shortly after Lovable said it had…
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