ElevenLabs doubles its valuation to $22B in a $300M employee tender
On Sept 30, 2026 ElevenLabs said it had closed a $300M employee tender offer valuing it at $22B, double its February 2026 Series D valuation. Wellington and T. Rowe Price led. Enterprise customers now bring 55% of revenue, and its voice agents handle 15M+ conversations a week, three times the February level.
Key facts
- $300M employee tender at a $22B valuation (2x the February 2026 Series D)
- Led by Wellington and T. Rowe Price; first-time investors EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures, BDT & MSD
- Enterprise = 55% of revenue; ElevenAgents ARR up more than 3x since February
- 15M+ conversations per week through its agents (3x since February); 800+ employees
- ARR around $600M per press reports (not in the official post)
What happened
ElevenLabs gave employees liquidity through a secondary sale to new institutional investors. No new primary capital was described.
Why it matters
Voice agents are among the fastest-growing commercial uses of AI. The valuation, doubled in about seven months, shows how much investors value that shift.
Changelog
- 2026-10-01: created
Related events
- ElevenLabs raises $500M Series D at $11B valuation (Sequoia) ★★★
- ElevenLabs launches Eleven v4 and Eleven v4 Turbo, #1 on Artificial Analysis TTS arena ★★★★
Sources (2)
- officialElevenLabs: ElevenLabs reaches $22bn valuation after employee tender
- pressReuters via Investing.com: ElevenLabs' valuation doubles to $22 billion on surging AI voice-agent demand
id: 2026-09-30-elevenlabs-22b-tender · updated 2026-10-01 · open in the interactive timeline