ElevenLabs doubles valuation to $22B with $300M employee tender
Voice AI startup ElevenLabs is allowing employees to sell a portion of their vested equity at a $22 billion valuation via a $300 million tender offer co‑led by Wellington and T. Rowe Price, doubling the $11 billion valuation set when it raised $500 million in February. This is the company’s second secondary for employees (after a $100 million tender at a $6.6 billion valuation in September 2025); ElevenLabs, founded in 2022 and based in New York and London, is known for generating ultra‑realistic AI voices.