ElevenLabs valuation doubles to $22 billion
What happened
On 1 October 2026, AI voice start-up ElevenLabs announced that employees could sell some vested shares at a $22 billion valuation, double the $11 billion valuation in its February funding round. Wellington and T. Rowe Price jointly led the $300 million tender offer. Reports say this is the company's second employee secondary transaction; the previous offer, in September 2025, was for $100 million at a $6.6 billion valuation.
Written by AI from the reports · updated 21 h ago
Timeline
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- TechCrunch · AIAI voice startup ElevenLabs doubles valuation to $22B
AI voice start-up ElevenLabs announced that employees could sell some vested shares at a $22 billion valuation, twice the $11 billion valuation of its February funding round. The $300 million tender offer is co-led by Wellington and T. Rowe Price. It is the company's second employee secondary transaction, following a $100 million tender offer at a $6.6 billion valuation in September 2025.
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