Observed Signal · Sep 30, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 4/5 · Sentiment: Positive
ElevenLabs valuation doubles to $22B in tender offer
ElevenLabs, a voice AI startup based in New York and London, completed a $300 million employee tender offer at a $22 billion valuation, doubling its valuation from February. Co-led by Wellington and T. Rowe Price, the tender included new investors EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures, and BDT & MSD, alongside existing backers. This is the company's second secondary transaction, following a $100 million tender at $6.6 billion in September 2025. The valuation surge is driven by the rapid growth of its conversational agents platform (ElevenAgents), which has more than tripled ARR since the Series D and now handles over 15 million conversations weekly. Enterprises account for 55% of revenue, with clients like Stripe, Deutsche Telekom, and SevenRooms. ElevenLabs also released new text-to-speech models (Eleven v4 and v4 Turbo) and plans an IPO in 2-3 years. The company faces a class-action lawsuit in Illinois over alleged biometric voiceprint extraction without consent.
ElevenLabs is a leading AI startup; the doubling of its valuation to $22B signals strong market confidence and investment momentum in AI voice technology, impacting the broader AI and advertising tech ecosystem.
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Key Takeaways & Evidence Grounding
- ElevenLabs completed a $300 million employee tender offer at a $22 billion valuation, doubling from its Series D, co-led by Wellington and T. Rowe Price.
- The valuation doubled from $11 billion in February 2026, and this is the second secondary transaction; the first was $100 million at $6.6 billion in September 2025.
- ElevenAgents platform has more than tripled ARR since the Series D, handling over 15 million conversations weekly.
- Enterprise customers account for 55% of revenue, with clients such as Stripe, Deutsche Telekom, and SevenRooms.
- ElevenLabs faces a class-action lawsuit in Illinois over alleged biometric voiceprint extraction without consent.
Connected Companies & Entities
20 Entities mapped“The valuation of UK hyped AI-audio generator ElevenLabs has doubled to $22bn....”
“The tender offer was led by Wellington and T Rowe Price....”
“The tender offer was led by Wellington and T Rowe Price....”
“Goldman Sachs invested in ElevenLabs for the first time....”
“GIC invested in ElevenLabs for the first time....”
“Existing investors including Lightspeed....”
“Existing investors including Andreessen Horowitz....”
“EQT invested in ElevenLabs for the first time....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
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ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents
ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents. Category Company Date Sep 30, 2026.
ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents
ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents. Category Company Date Sep 30, 2026
ElevenLabs Adds BlackRock, Jamie Foxx, Eva Longoria Investors
Voice AI company ElevenLabs disclosed new institutional, enterprise and individual investors as part of its previously announced $500 million Series D. New backers include BlackRock, Wellington, D.E. Shaw, Schroders, Nvidia, Salesforce Ventures, Santander, KPN and Deutsche Telekom, alongside individual investors Jamie Foxx, Eva Longoria and Hwang Dong-hyuk. The startup said it has surpassed $500 million in ARR after growing rapidly (valuation rose from $6.6B to $11B earlier in the year), signed enterprise contracts with Deutsche Telekom, Revolut and Klarna, closed a $100 million tender, and plans a retail investor opportunity via Robinhood Ventures. ElevenLabs also acquired the team from Polish voice AI startup Papla to expand research capabilities.
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