# ElevenLabs — ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents

- Company: ElevenLabs (elevenlabs.io)
- Announced: 2026-09-30T12:00:00+00:00
- Category: not stated
- Coverage: 13 outlets
- Announcement: yes
- Group: covered
- Source: https://elevenlabs.io/blog/tender-22bn
- Record: https://forck.live/items/15399-elevenlabs-valuation-increases-to-22-billion-fueled-by-enterprise-demand-for
- Subject: Voice AI

We recently closed a $300 million employee tender offer that values ElevenLabs at $22 billion, double our valuation at our Series D in February. The round was led by Wellington and T. Rowe Price, long-term institutional investors with the experience our next stage of growth requires. In 2022, we raised our first round at a $9 million valuation, which we announced alongside Eleven v1, our first Text to Speech model, and the first model to cross the uncanny valley of speech. Four years later, as we reach our new valuation, we just released two new state-of-the-art Text to Speech models. Eleven v4 and v4 Turbo are our fastest and most emotive models yet, which are already leading independent benchmarks . Alongside models, we have built a full interaction platform for AI. It allows organizations to deploy conversational agents, connected to their knowledge and systems, that interact naturally in any industry, geography, or context. This shift is driving much of our growth, with enterprise now accounting for 55% of our revenue, as businesses adopt ElevenAgents to support their customers and employees. …

## Around this story

Outlets this record can name and link:

- Reuters: https://reuters.com/legal/transactional/elevenlabs-valuation-doubles-22-billion-surging-ai-voice-agent-demand-2026-09-30
- Economic Times — ElevenLabs' valuation doubles to $22 billion on surging AI voice-agent demand: https://economictimes.indiatimes.com/tech/artificial-intelligence/elevenlabs-valuation-doubles-to-22-billion-on-surging-ai-voice-agent-demand/articleshow/134599046.cms
- Silicon Republic — AI voice start-up ElevenLabs valued at $22bn after tender offer: https://siliconrepublic.com/start-ups/ai-voice-start-up-elevenlabs-valued-at-22bn-after-tender-offer
- Unite — ElevenLabs Closes $300M Employee Tender Offer at $22B Valuation: https://unite.ai/elevenlabs-closes-300m-employee-tender-offer-at-22b-valuation
- Tech in Asia: https://techinasia.com/news/elevenlabs-closes-300m-employee-tender-offer-at-22b
- Finimize: https://finimize.com/content/elevenlabs-22-billion-tender-offer-gave-staff-a-payday
- Seeking Alpha: https://seekingalpha.com/news/4648698-elevenlabs-doubles-valuation-to-22b-after-recent-300m-employee-tender-offer
- Musically — ElevenLabs has doubled its valuation to $22bn since February: https://musically.com/2026/10/01/elevenlabs-has-doubled-its-valuation-to-22bn-since-february
- Billboard — ElevenLabs Valued at $22 Billion After Tender Offer: https://billboard.com/pro/elevenlabs-ai-startup-valued-22-billion-tender-offer
- Tech — ElevenLab’s valuation doubles to $22BN, as completes $300M employee tender offer: https://tech.eu/2026/09/30/elelvenlabs-doubles-valuation-to-22bn-with-300m-employee-tender-offer
- Digital Music News — ElevenLabs Value Hits $22B Amid $300M Employee Tender Offer: https://digitalmusicnews.com/2026/09/30/elevenlabs-tender-offer
- City A.M. — AI voice firm Elevenlabs hits $22bn valuation in fresh boost for UK tech: https://cityam.com/ai-voice-firm-elevenlabs-hits-22bn-valuation-in-fresh-boost-for-uk-tech

## Follow-ups

- TechCrunch (reported, 30 Sep): AI voice startup ElevenLabs doubles valuation to $22B — https://forck.live/items/15454-ai-voice-startup-elevenlabs-doubles-valuation-to-22b

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