ElevenLabs raises $500M Series D at $11B valuation (Sequoia)
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. Later reports put ARR above $500M by spring 2026 and described talks on an employee tender at ~$22B (July 2026).
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
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).
Changelog
- 2026-09-29: created
Related events
Sources (4)
- officialElevenLabs blog: Series D
- pressTechCrunch: ElevenLabs raises $500M from Sequoia at $11B
- pressBloomberg: ElevenLabs in talks for tender at $22B
- pressThe Next Web: tender at $22bn
id: 2026-02-04-elevenlabs-series-d · updated 2026-09-29 · open in the interactive timeline