TechCrunch Startup News Lovable on track to raise $150M at $2B valuation
Jul 8, 2025
Lovable is making waves in the AI startup scene with plans to raise $150 million at a staggering $2 billion valuation. Just six months after launching their vibe coder, they’ve hit an impressive $50 million in annual recurring revenue. CEO Anton Osika discusses the challenges of pricing strategies and how they plan to navigate variable costs while maintaining their rapid growth.
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Lovable's Fast Growth & Product
- Lovable rapidly hit $50 million ARR within six months of releasing its vibe coder web app builder.
- It builds entire web apps from a text prompt using React and Supabase integration, making development very accessible.
Reddit Example of Lovable's Affordability
- A Reddit user built a web app with 29,000+ lines of code and dozens of functions using Lovable for only $250.
- This illustrates Lovable's affordability and efficiency for large projects.
AI Agent Automates Coding Tasks
- Lovable introduced an AI agent beta that can automate coding tasks like editing and debugging.
- It charges users based on usage credits, reflecting the variable costs of AI model providers.