Lovable Targets $1 Billion ARR Within 12 Months

In the past few months, Swedish AI startup Lovable has been experiencing a remarkable period of growth. According to the company's CEO, Anton Osika, Lovable is currently adding between $8 million and $15 million in annualized recurring revenue (ARR) every month. This rapid expansion has put Lovable on track to hit $250 million ARR by the end of 2025, with the company now setting its sights on reaching $1 billion ARR within the next 12 months.

Lovable, which was founded in late 2023, has already reached a $1.8 billion valuation after its July funding round. The company now serves around 250,000 paying customers, many of whom use its no-code platform to build apps and websites without writing a single line of code. What sets Lovable apart is not just its impressive growth rate, but also its positioning within the AI ecosystem. While the company leverages foundational models from industry giants like OpenAI, Anthropic, and Google, it is also moving up the value chain and starting to compete with these tech giants.

Despite the pressure from these larger players, Lovable is signaling that it has no intention of being quietly acquired. Osika has made it clear that the company would reject any buyout offers, referencing the recent backlash over Windsurf's leadership defecting to Google. Lovable, he says, is not cash-constrained and may raise again next year, but on its own terms. As the next phase of AI infrastructure plays unfolds, investors will be closely watching how Lovable navigates the tension between its dependence on hyperscalers and its pursuit of platform independence.