AI voice firm ElevenLabs doubles its valuation to $22bn after a $300m employee share sale

From the Newshound archive · first published 1 October 2026.

London-based ElevenLabs has reached a $22bn valuation following a $300m employee tender offer, twice the $11bn it was valued at during its Series D funding round in February. Backing the sale were Goldman Sachs, EQT, Wellington and T. Rowe Price, among others. The company's conversational agents platform, ElevenAgents, has seen its annual recurring revenue more than triple since February and now processes over 15 million conversations a week.

ElevenLabs' valuation has climbed from just $9m at founding to $22bn, with enterprise customers including Stripe, Deutsche Telekom and the governments of Ukraine and Greece.

CEO Mati Staniszewski said AI 'should interact with people the way we interact with each other' and pledged to give employees regular opportunities to cash in shares.

The firm simultaneously released two new text-to-speech models, Eleven v4 and v4 Turbo, supporting 90 languages.