# ElevenLabs doubles valuation to $22B on $300M employee tender

Digest AI · Hardware & Compute · published 2026-09-30T18:23:57Z

Canonical: https://digestai.news/story/elevenlabs-doubles-valuation-to-22b-on-300m-employee-tender

## Summary

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 September 2025 and marks the second such transaction in four years.

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.

## 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

## Why it matters

The doubled valuation signals strong investor confidence in ElevenLabs’ voice AI tech, potentially accelerating adoption in media, gaming, and accessibility tools.

## Sources

1. [AI voice startup ElevenLabs doubles valuation to $22B](https://techcrunch.com/2026/09/30/ai-voice-startup-elevenlabs-doubles-valuation-to-22b) (TechCrunch AI, 2026-09-30)

Part of the developing story: [ElevenLabs Voice AI Expansion and Model Launch](https://digestai.news/thread/elevenlabs-ceo-discusses-voice-ai-market-share-and-government-contracts) (3 stories)

## Cite

Digest AI, "ElevenLabs doubles valuation to $22B on $300M employee tender", 30 September 2026, https://digestai.news/story/elevenlabs-doubles-valuation-to-22b-on-300m-employee-tender

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