It’s a wrap! Elena Verna and Whitney Menarcheck celebrating with particiapants from around the world, markingt he conclusion of the 48 hour Lovable SheBuilds Buildathon.
Today we deep dive into Lovable, the Swedish-founded tech startup that achieved US$100 million in annual recurring revenue (ARR) in a record-breaking eight months. This growth, which outpaces giants like OpenAI and Perplexity, makes Lovable a standout in the global tech ecosystem.
Founded in late 2023, Lovable’s core product is an AI-powered no-code platform that allows anyone - from solo founders to large teams - to build full-stack applications simply by describing their ideas in plain language. Their mission is to democratise software development, bridging the global gap between ideas and the technical ability required to build them.
This exponential success is fuelled by a strategy of inclusion as design, rather than mere declaration. Lovable demonstrates what happens when friction and unnecessary gatekeepers are removed, enabling creators globally.
We look closely at the SheBuilds hackathon, a 48-hour virtual event where 200 participants, selected from 3,000 applicants, turned ideas into live app prototypes. Led by Elena Verna and Whitney Menarcheck, this event showcased how a fast-moving, globally diverse culture can be built rapidly through invitation and connection, providing unlimited credits and direct access to the development team. Lovable is intentionally designed for universal access and active input, unlocking a broader range of talent and creativity.
Lovable’s model shows that acting globally can reshape systems. By operating at the Globally Impactful level on the Ambition × Agency Ladder, the company commands global attention and inspires collective participation. Lovable sets a high bar for leadership, showing that global progress depends not on the few, but on enabling more of us to build and create together.
Read the article by Sophie Krantz here:
https://www.sophiekrantz.com/p/the-profitable-future-of-building
