AI voice startup ElevenLabs doubles valuation to $22B
AI voice startup ElevenLabs announced its valuation has doubled to $22 billion through an employee tender offer. This move allows employees to cash out equity at a higher company valuation.
AI voice startup ElevenLabs announced that its valuation has reached $22 billion following a $300 million employee tender offer. This effectively doubles the company's previous valuation of $11 billion, which was set during a funding round in February.
The transaction, co-led by institutional investors Wellington and T. Rowe Price, allowed employees to sell a portion of their vested equity. These types of secondary transactions are increasingly used by fast-growing AI companies as a tool to retain talent by offering liquidity for their stock options.
This marks the second time ElevenLabs has facilitated a secondary sale for its employees. Previously, in September 2025, the company held a $100 million tender at a $6.6 billion valuation.
Founded in 2022, ElevenLabs is recognized for its advanced AI-powered voice generation technology, creating realistic human voices and sound effects. The new valuation positions the New York and London-based company among Europe's most valuable startups.