Observed Signal · Jan 30, 2025 · Funding · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
ElevenLabs Triples Valuation to $3.3B After $180M Series C
AI voice startup ElevenLabs has raised $180 million in a Series C funding round, tripling its valuation to $3.3 billion. The round was co-led by Andreessen Horowitz and ICONIQ Growth, with participation from new investors including NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate, as well as existing backers like Sequoia Capital and Salesforce Ventures. Strategic investors include Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures. Founded in 2022, ElevenLabs develops AI tools for text-to-speech, voice cloning, and dubbing. The company plans to use the funds to expand research into more expressive and controllable voice AI, broaden developer tools, and strengthen AI safety. To date, ElevenLabs has raised a total of $281 million.
Major AI voice startup raises significant funding, tripling valuation, indicating strong investor confidence in AI-driven content generation technologies relevant to advertising and media.
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Key Takeaways & Evidence Grounding
- ElevenLabs raised $180 million in a Series C funding round.
- The valuation tripled from approximately $1.1 billion to $3.3 billion.
- Andreessen Horowitz and ICONIQ Growth co-led the round.
- New investors include NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate.
- Strategic investors include Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures.
- Total funding to date is $281 million.
Connected Companies & Entities
11 Entities mapped“An AI startup founded by two Polish entrepreneurs has seen its valuation triple to $3.3bn, after confirming it had raised $180m....”
“The Series C round was led by Andreessen Horowitz and ICONIQ Growth...”
“The Series C round was led by Andreessen Horowitz and ICONIQ Growth...”
“with additional new investors, including NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund and Lunate....”
“with additional new investors, including NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund and Lunate....”
“Existing investors Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, BroadLight Capital also participated....”
“ElevenLabs said it was also partnering with strategic investors, including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT D...”
“Existing investors Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, BroadLight Capital also participated....”
“ElevenLabs said it was also partnering with strategic investors, including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT D...”
“ElevenLabs said it was also partnering with strategic investors, including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT D...”
“Existing investors Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, BroadLight Capital also participated....”
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Spotify Expands Audiobooks to Over 180 Markets
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