AI voice startup ElevenLabs doubles valuation to $22B

Voice AI startup ElevenLabs announced contiguous that it’s allowing employees to currency retired a information of their vested equity astatine a $22 cardinal valuation, doubling the $11 cardinal valuation the institution deed erstwhile it raised $500 cardinal successful February.

The caller $300 cardinal tender connection gave employees an accidental to merchantability their shares to investors. The transaction was co-led by Wellington and T. Rowe Price, ample organization investors who backmost backstage companies with the volition of retaining the banal aft the institution goes public.

The offering is portion of a growing trend among fast-growing AI startups that usage worker liquidity arsenic a retention instrumentality to forestall unit from leaving for competitors.

This is the 2nd clip the four-year-old ElevenLabs has authorized a secondary transaction for employees. The institution antecedently held a $100 cardinal tender astatine a $6.6 billion valuation successful September 2025.

Founded successful 2022, the institution is known for generating ultra-realistic quality voices and dependable effects. With its caller valuation, New York- and London-based ElevenLabs joins the ranks of Europe’s astir invaluable startups.