The transaction was co-led by institutional heavyweights Wellington and T. Rowe Price. These firms typically secure stakes in private companies with the long-term goal of holding them through an eventual public listing. For the four-year-old startup, this secondary offering serves as a strategic retention tool, helping the company secure top-tier talent in an increasingly competitive AI labor market.
In section Startups & Technology
ElevenLabs valuation hits $22 billion following secondary share sale
Voice AI developer ElevenLabs has doubled its valuation to $22 billion, marking a sharp rise from the $11 billion figure recorded just months ago in February. The jump follows a $300 million tender offer designed to provide liquidity to employees by allowing them to offload a portion of their vested equity.
This represents the second time the company has authorized such a payout. In September 2025, ElevenLabs facilitated a $100 million tender at a $6.6 billion valuation. Founded in 2022, the New York and London-based firm has gained significant market traction for its ultra-realistic voice synthesis and sound generation tools. With this latest valuation, the startup firmly establishes itself among the most valuable private technology companies in Europe.
Comments (0)
No comments yet. Be the first!