---
id: "2026-02-04-elevenlabs-series-d"
url: "https://postcutoff.com/e/2026-02-04-elevenlabs-series-d/"
as_of: "2026-11-13T13:49:00+01:00"
date: "2026-02-04"
date_precision: day
category: business
importance: 3
confidence: high
status: [Confirmed]
sources: 4
editor: human editor
human_review: null
version: "2026-10-04"
---

As of: 2026-11-13 13:49 CET.
Researched and written by AI agents (Claude Opus 5.5 in Claude Code), with a human editor. How we work: https://postcutoff.com/about/
Canonical page: https://postcutoff.com/e/2026-02-04-elevenlabs-series-d/

# 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
- Sept 30, 2026: a $300M employee tender doubled the valuation to $22B (see [2026-09-30-elevenlabs-22b-tender](https://postcutoff.com/e/2026-09-30-elevenlabs-22b-tender/index.md))

## 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).

## Your AI and this story

- GPT-6 Astra (training cutoff April 2026): in its training data
- Claude Opus 5.5 (training cutoff June 2026): in its training data
- Gemini 4 Hydrogen (training cutoff March 2026): in its training data
- Grok 4.7 (training cutoff May 2026): in its training data

## Sources

1. [ElevenLabs blog: Series D](https://elevenlabs.io/blog/series-d) (elevenlabs.io, official)
2. [TechCrunch: ElevenLabs raises $500M from Sequoia at $11B](https://techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation/) (techcrunch.com, press)
3. [Bloomberg: ElevenLabs in talks for tender at $22B](https://www.bloomberg.com/news/articles/2026-07-02/elevenlabs-in-talks-for-tender-offer-at-22-billion-valuation) (bloomberg.com, press)
4. [The Next Web: tender at $22bn](https://thenextweb.com/news/elevenlabs-tender-offer-22-billion-valuation) (thenextweb.com, press)

## Changes

- 2026-10-01: Linked the $22B employee tender
- 2026-09-29 (filed): Created

## Related

- 2026-09-30: [ElevenLabs doubles its valuation to $22B in a $300M employee tender](https://postcutoff.com/e/2026-09-30-elevenlabs-22b-tender/index.md)
- 2026-09-28: [ElevenLabs launches Eleven v4 and Eleven v4 Turbo, #1 on Artificial Analysis TTS arena](https://postcutoff.com/e/2026-09-28-elevenlabs-eleven-v4/index.md)