On September 30, 2026, ElevenLabs announced a $300 million employee tender offer at a $22 billion valuation, which the company says doubles the $11 billion valuation of its Series D in February 2026. Wellington and T. Rowe Price led the transaction. New investors named include BDT and MSD, EQT, GIC, Goldman Sachs, OTPP and Sapphire Ventures, alongside existing backers Alkeon, Andreessen Horowitz, D.E. Shaw, DISRUPTIVE, Evantic, ICONIQ and Lightspeed.
The post leans on the company’s voice-agent product, ElevenAgents. ElevenLabs says it now handles more than 15 million conversations a week, three times the February level, that its annual recurring revenue has more than tripled since February, and that multichannel deployments have doubled. The company says enterprise customers now account for 55 percent of total revenue, and claims voice agents resolve issues 31 percent faster than chat agents on average. CEO Mati Staniszewski is quoted: “AI should interact with people the way we interact with each other.”
A tender offer lets employees and early shareholders sell existing shares to new investors; it does not put new money on the company’s balance sheet. That makes the headline figure a price for liquidity rather than a fundraise.
Why it matters: it marks how quickly voice AI has turned from a text-to-speech niche into an agent business valued alongside large software companies. What it does not show: ElevenLabs gives growth multiples but no absolute revenue or ARR figure, the 31 percent comparison is the company’s own metric, and a tender price set by a small group of buyers is not the same as a primary-round valuation.