ElevenLabs Achieves $22 Billion Valuation with $300 Million Employee Tender Offer

ElevenLabs has reached a valuation of $22 billion, doubling from its previous $11 billion valuation in February 2026. This significant increase follows a $500 million funding round earlier this year. The company, founded in 2022, also announced a $300 million tender offer for employees to cash out a portion of their vested equity. This tender follows a $100 million offer made in September 2025 when the company's valuation was $6.6 billion. The recent transaction was co-led by institutional investors Wellington and T. Rowe Price. Mati Staniszewski, co-founder and CEO of ElevenLabs, indicated that this marks the second time the company has authorized a secondary transaction for employees. This rapid growth reflects the rising demand for AI voice technologies, as evidenced by ElevenLabs' prior launch of the Eleven v4 speech model, which achieved top rankings for emotive speech generation.