Lovable Reports Rapid User Growth, Valuation Rises to $5 Billion
Swedish startup Lovable has announced a major milestone: its active user base has grown to 8 million, up from 2.3 million in July 2025.
- Founder Anton Osika highlighted the company’s growth following a recent Barclays study, which suggested that platforms enabling users to create websites and apps via text prompts have started losing traffic after an initial wave of hype. According to analysts, Lovable’s traffic dropped by around 40% as of September.
- That same study valued Lovable at $1.8 billion, with over $200 million in funding raised to date. However, Osika claims new investors have already approached him with offers valuing the company at $5 billion. However, he declined those offers, saying Lovable doesn’t currently need additional capital.
- While Osika shared new user figures, he did not comment on profitability. Earlier, the company reported reaching $100 million in annual recurring revenue (ARR) within just eight months of operation. Since then, no new financial results have been disclosed, which has raised some concern among market analysts.
Lovable says its users are highly engaged and tend to stay on the platform long-term, maintaining active subscriptions. The company’s audience is notably diverse, ranging from large enterprises to school students using the platform for class projects.
The startup now employs over 100 people and is actively hiring cybersecurity specialists to ensure that websites created through Lovable remain secure, addressing ongoing security issues.
Lovable Reports Rapid User Growth, Valuation Rises to $5 Billion
Swedish startup Lovable has announced a major milestone: its active user base has grown to 8 million, up from 2.3 million in July 2025.
- Founder Anton Osika highlighted the company’s growth following a recent Barclays study, which suggested that platforms enabling users to create websites and apps via text prompts have started losing traffic after an initial wave of hype. According to analysts, Lovable’s traffic dropped by around 40% as of September.
- That same study valued Lovable at $1.8 billion, with over $200 million in funding raised to date. However, Osika claims new investors have already approached him with offers valuing the company at $5 billion. However, he declined those offers, saying Lovable doesn’t currently need additional capital.
- While Osika shared new user figures, he did not comment on profitability. Earlier, the company reported reaching $100 million in annual recurring revenue (ARR) within just eight months of operation. Since then, no new financial results have been disclosed, which has raised some concern among market analysts.
Lovable says its users are highly engaged and tend to stay on the platform long-term, maintaining active subscriptions. The company’s audience is notably diverse, ranging from large enterprises to school students using the platform for class projects.
The startup now employs over 100 people and is actively hiring cybersecurity specialists to ensure that websites created through Lovable remain secure, addressing ongoing security issues.
