ElevenLabs Doubles Valuation to $22B as AI Voice Agents Handle 15M Weekly Conversations
6 Sources
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AI voice startup ElevenLabs doubles valuation to $22B
Voice AI startup ElevenLabs announced today that it's allowing employees to cash out a portion of their vested equity at a $22 billion valuation, doubling the $11 billion valuation the company hit when it raised $500 million in February. The recent $300 million tender offer gave employees an
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AI voice start-up ElevenLabs doubles valuation to $22bn
London-based AI voice start-up ElevenLabs has leapt into the ranks of the world's most valuable AI labs after a share sale doubled its price tag to $22bn. Existing investors and employees at the company, which develops realistic speech-generation software, have sold $300mn worth of stock in a
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ElevenLabs' valuation doubles to $22 billion on surging AI voice-agent demand
Sept 30 (Reuters) - ElevenLabs said on Wednesday it had completed a $300 million employee tender offer valuing the AI voice generation startup at $22 billion, twice the valuation it secured in its February funding round. The tender was led by Wellington and T. Rowe Price, with participation from
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'Let our people share in some of the value': ElevenLabs hits $22bn
Goldman Sachs, GIC and EQT bought in as staff sold $300m of shares at the new ElevenLabs valuation. Its chief executive wants the company ready for a listing within two and a half years. ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold
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AI voice start-up ElevenLabs valued at $22bn after tender offer
The 2022-founded company said its AI agents now handle more than 15m customer service conversations per week. UK-based AI voice start-up ElevenLabs has closed a $300m employee tender offer that values the company at $22bn. The round, led by Wellington and T Rowe Price, puts ElevenLabs' valuation
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ElevenLabs Joins Ranks of World's Most Valuable AI Firms | PYMNTS.com
That's according to a report Wednesday (Sept. 30) from the Financial Times (FT), which said the startup reached this milestone when a share sale doubled its price tag to $22 billion. Investors and employees at the London company, which makes realistic speech-generation software, have sold $300
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London-based AI voice startup ElevenLabs doubled its company valuation to $22 billion through a $300 million employee tender offer led by Wellington and T. Rowe Price. The deal brings Goldman Sachs and GIC as new investors while CEO Mati Staniszewski targets IPO-readiness within two years as enterprise customers now drive 55% of revenue.
ElevenLabs Achieves $22 Billion Valuation Through Employee Tender Offer
ElevenLabs completed a $300 million employee tender offer that doubled the AI voice startup's company valuation to $22 billion, up from $11 billion in February when it raised $500 million in Series D funding
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. The secondary share sale was co-led by Wellington and T. Rowe Price, bringing in long-term institutional investors alongside new backers including Goldman Sachs, Singapore's GIC, EQT, Ontario Teachers' Pension Plan, Sapphire Ventures, and BDT & MSD3
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. Existing investors including Andreessen Horowitz, Lightspeed, and ICONIQ also participated in the transaction5
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Source: Silicon Republic
Surging AI Voice-Agent Demand Drives Revenue Growth
The London-based company's AI voice agents now handle more than 15 million conversations each week, triple the volume from February, performing tasks such as processing refunds, renewing insurance policies, upgrading phone plans, and booking healthcare appointments
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. Enterprise customers now generate 55% of ElevenLabs' revenue, with the ElevenAgents platform's annual recurring revenue tripling over the same period4
. Major clients deploying the realistic speech-generation software include Stripe, Deutsche Telekom, Admiral, KPN, Revolut, Klarna, and the governments of Ukraine and Greece2
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.Employee Liquidity Strategy Addresses Talent Competition
CEO Mati Staniszewski emphasized that the employee tender offer serves as a retention tool in the fierce battle for AI researchers. "We are competing for talent with the biggest AI labs," Staniszewski told the Financial Times. "We need to stay competitive in that market, too. So of course, the secondary offers help with that"
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. This marks the second time the four-year-old company has authorized employee liquidity, following a $100 million tender at a $6.6 billion valuation in September 20251
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. The company's management also sold a small amount in the deal after receiving numerous acquisition offers over the years2
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Source: The Next Web
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Path to Stock Market Listing Within Two Years
Staniszewski revealed plans to prepare ElevenLabs for a potential stock market listing within the next two to two and a half years, though the final decision depends on multiple factors
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. The company hired Adyen's former finance chief in September to strengthen its IPO-ready capabilities4
. Founded in 2022 by Staniszewski and Polish entrepreneur Piotr Dąbkowski at a $9 million valuation, ElevenLabs has grown to employ more than 800 people across 20 countries, with approximately 200 based in its main London office2
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.Technical Infrastructure and Market Position
Unlike many AI software companies, ElevenLabs develops its own AI voice generation models and trains them on proprietary computing infrastructure rather than relying on technology from OpenAI, Google, or Anthropic
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. The company's models can speak, listen, and perform text-to-speech conversion in more than 90 languages used by over 5.5 billion people3
. Emma Norchet of T. Rowe Price noted that "the combination of research, product and deployment has proved an important structural advantage" as ElevenLabs has grown its agentic customer service AI business5
. The recent secondary financing followed the release of ElevenLabs' fourth-generation model, which Staniszewski described as bringing a "step change" improvement for longer-running conversations2
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Source: PYMNTS
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