ElevenLabs doubles valuation to $22B on $300M employee tender
ElevenLabs, the voice AI startup, announced a $22 billion valuation on Monday, double its $11 billion mark from February’s $500 million funding round. The company allowed employees to sell vested equity through a $300 million tender offer, co-led by Wellington and T. Rowe Price, which will retain the shares post-IPO. This follows a $100 million employee tender at a $6.6 billion valuation in…
Key points
- ElevenLabs’ valuation jumps to $22B from $11B after a $300M employee tender offer
- Wellington and T. Rowe Price co-led the transaction, aiming to hold shares for an IPO
- Company previously authorized a $100M tender at a $6.6B valuation in September 2025
Founded in 2022, ElevenLabs specializes in generating hyper-realistic human voices and sound effects. The valuation places it among Europe’s most valuable startups, reflecting its rapid growth in AI voice technology.
The story so far
3 episodes →- ElevenLabs doubles valuation to $22B on $300M employee tenderthis story
AI voice startup ElevenLabs doubles valuation to $22B
TechCrunch AI · 30 September 2026
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