AI voice startup ElevenLabs doubles its valuation to $22 billion
startup voice
| Source: TechCrunch | Original article
ElevenLabs, a voice AI startup, has doubled its valuation to $22 billion as a $300 million employee tender, co‑led by Wellington and T. Rowe Price, enables staff to cash out equity.
ElevenLabs, the London‑based AI voice‑generation startup, announced that a $300 million employee tender offer has lifted its valuation to $22 billion, exactly double the $11 billion price tag set in its February funding round. The tender, which lets staff sell a portion of their vested equity, was co‑led by Wellington and T. Rowe Price and required no fresh external capital raise.
The move underscores the growing confidence investors have in generative‑audio technology. ElevenLabs now powers roughly 15 million weekly conversations through its voice agents, with enterprise clients accounting for more than half of its revenue. By providing liquidity to its workforce without diluting existing shareholders, the company signals both financial health and a strategic focus on scaling its commercial offerings.
Analysts will watch whether the tender translates into a broader market push, especially as the firm hints at a possible IPO within the next two years. Key indicators will include the pace of enterprise adoption, the rollout of new voice‑agent features, and any follow‑on funding rounds that could further reshape the competitive landscape of AI‑driven speech synthesis. The valuation places ElevenLabs among the most valuable private AI firms, suggesting that voice AI is emerging as a core pillar of the broader generative‑AI market.
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