With Valentine’s day approaching, let’s look at the valuation of Lovable!
Next week we will revert to more serious matters around valuations. It’s time we sent you some more case studies so please anticipate some interesting ones for you to learn about.
Surely Lovable has one of the nicest start up names in history? Instantly recognisable, prompting all the best emotions, it’s a (very valuable) brand in word before you even start thinking about its business.
And what a business.
From start to 10m ARR in 60 days with 15 people according to Lenny Rachitsky (24) Post | LinkedIn. (Do read the post and watch the video at the bottom of it. But that post was 10 months ago).
Check out this page from Lovable’s website: One year of Lovable: Welcome to the age of the builder | Lovable.
July 2025 $100m ARR, November 2025 $200m ARR and even more exciting off the back of Lovable over 100,000 new projects have been created using its platform. Lovable isn’t just a company it’s a movement. It has echoes in my mind of how Lego captured its creators and revolutionised itself.
Companies like Lego and Lovable (interesting that they are both from Scandinavia) clock something much bigger than just shareholder value. In both cases, by embracing and loving more than the obvious “business” issues, they create bigger and more exciting business.
But hang on…
Look what the top chart on Crunchbase shows, could people be falling out of love with Lovable?
This is despite a $330m funding round as recently as December 2025. Competition is emerging in the space. To stay ahead, Lovable is having to react faster and better to keep its customers happy. This is pace at a scale that I think many of us might struggle to comprehend.
And that is also true of its valuation of $1.8bn in July 2025, $6.6bn by December 2025.
Whatever Crunchbase’s indicators say, it’s pretty clear to us that both customers and investors (fun fact: including Gwyneth Paltrow) still really do love Lovable.
Dare I comment on what we think of the valuation? Well Lovable is in the middle of the AI trend and it is clearly running fast alongside its fellow tech Olympiads. This race has its own momentum. People much closer than me to the company are happy with the value. A set back in AI generally could cause a rethink, but there is still plenty of money in the market looking for an AI home and I would be very cautious about turning negative on the company’s value right now.
I am sure there will be corrections along the way, but today in February 2026 all I can really say is Happy Valentine’s Day to Lovable. Long may your great relationships thrive.
Before we say goodbye for this week…
If you have a PPA FRS3 valuation on your desk, we have the knowledge to deliver that and a couple of friendly chartered accountants in our team who can oversee the work so a company’s auditors won’t have a problem. We think this could be very useful for smaller ticket transactions. Over to you!
