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ElevenLabs doubles its valuation to $22bn in a $300m share sale

September 30, 2026 Emily Chen Clock

ElevenLabs (read more here) (explore this topic) Doubles Its Valuation to $22 Billion in a $300 Million Share Sale

Goldman Sachs, GIC, and EQT bought in as staff sold $300 million of shares at the new ElevenLabs valuation. Its CEO wants the company ready for a listing within two and a half years.

September 30, 2026 - 4:39 pm

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Mati Staniszewski at All-In x RAISE Summit

ElevenLabs is now worth $22 billion, double its $11 billion valuation in February. Employees and existing investors sold $300 million of shares, the voice AI company announced in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six new investors participated, including EQT, Goldman Sachs, Singapore’s GIC, Ontario Teachers’ Pension Plan, Sapphire Ventures, and BDT & MSD. Existing backers, such as Andreessen Horowitz, Lightspeed, and ICONIQ, also took part.

"As we grow, it’s important to us to let our people share in some of the value they are creating for our customers and the wider world," CEO Mati Staniszewski said in the announcement.

The sale completes the tender reported by Bloomberg in July. It coincided with the company opening a Brussels office. In September 2025, ElevenLabs conducted a $100 million employee tender at a $6.6 billion valuation.

Key Takeaways

  • Enterprise Customers: ElevenLabs' enterprise customers now account for 55% of its revenue.
  • Conversations: The platform handles over 15 million conversations weekly, three times more than in February.
  • Annual Recurring Revenue (ARR): ARR has tripled over the same period.
  • New Users: Stripe, Deutsche Telekom, Admiral, Ukraine's government, and Greece's government have adopted ElevenLabs' agents.
  • Workforce: The company now employs over 800 people.

Future Plans

Staniszewski told Sifted that the tender will aid in attracting and retaining top researchers as the company competes with larger AI firms. His goal is to prepare ElevenLabs for a potential stock market listing within the next two to two and a half years.

The company's valuation grew from $9 million after its initial funding round in 2022.

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