FUNDING · STARTUPS · #1303
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.
KEY POINTS
- 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.
WHY IT MATTERS
The transaction signals strong investor demand, boosts ElevenLabs into the ranks of Europe’s most valuable startups, and reflects a growing trend of using employee liquidity to retain talent at fast‑growing AI companies.