Lovable Breaks $200 Million Revenue Barrier, Proving European Tech Can Compete Globally

Lovable, a Swedish AI coding company, has achieved a monumental milestone, exceeding $200 million in annual recurring revenue (ARR) just four months after surpassing the $100 million mark. This unprecedented growth trajectory challenges conventional startup wisdom, demonstrating that European tech companies can thrive globally without relocating to Silicon Valley. Lovable’s success is fueled by its strategic approach of staying rooted in Europe while witnessing explosive expansion across various markets.