ElevenLabs raises $500M Series D at $11B valuation (Sequoia)
Confirmed
The takeaway
ElevenLabs raised $500M in a Sequoia-led Series D at an $11B valuation on 2026-02-04, more than triple its valuation a year earlier, after ending 2025 above $330M ARR.
Status
- Claim
Confirmed
- Our reporting
- High confidence
- Importance
- 3 of 5
- Last verified
- 1 October 2026
Your AI and this story
- GPT-6 AstraIn its training data
- Claude Opus 5.5In its training data
- Gemini 4 HydrogenIn its training data
- Grok 4.7In its training data
It happened before the cutoffs of all four assistants, so it can be in their training data.
Key facts
- $500M Series D led by Sequoia (Andrew Reed joins board); a16z and ICONIQ increased stakes; new: Lightspeed, Evantic Capital, BOND
- Valuation $11B (vs $3.3B a year earlier; $6.6B employee tender in Sept 2025); total funding $781M across five rounds
- ARR above $330M at end of 2025 (company)
- Stated plans: expand ElevenAgents, research on emotional conversational models and dubbing, expand internationally, ‘path toward IPO’
- Later (press): third Series D close in May 2026 added BlackRock, Wellington, D.E. Shaw, Schroders, NVIDIA, Salesforce, Santander, KPN, Deutsche Telekom; ARR reported >$500M by April/May 2026
- 2026-07-02 (Bloomberg): early talks on an employee tender offer at ~$22B, expected by September; completion not confirmed as of 2026-09-29
- Sept 30, 2026: a $300M employee tender doubled the valuation to $22B (see ElevenLabs doubles its valuation to $22B in a $300M employee tender)
What happened
ElevenLabs announced a $500M Series D at an $11B valuation led by Sequoia. The press details about the May 2026 extension and the $22B tender talks come from secondary reporting (confidence medium for those items).
Why it matters
ElevenLabs is the largest independent voice-AI company. The round funded its push into agents (ElevenAgents) and creative video/audio tooling (ElevenCreative).
Sources
4 sources from 4 sites. Numbers match the chips in the text.
4 sources: 1 primary, 3 press
Primary
- ElevenLabs blog: Series Delevenlabs.io, official
Press
- TechCrunch: ElevenLabs raises $500M from Sequoia at $11Btechcrunch.com, press
- Bloomberg: ElevenLabs in talks for tender at $22Bbloomberg.com, press
- The Next Web: tender at $22bnthenextweb.com, press
Changes
- Linked the $22B employee tender
- Filed