GoKawiilElevenLabs employee tender offer values voice AI startup at $22B
ElevenLabs completed a $300 million tender offer letting employees sell vested shares at a $22 billion valuation, double the $11 billion mark it hit in February when it raised $500 million. The sale was co-led by institutional investors Wellington and T. Rowe Price, and marks the company's second such secondary transaction after a $100 million tender at $6.6 billion in September 2025.
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The rapid valuation jump suggests strong investor appetite for voice AI, an area ElevenLabs has built a reputation in through realistic synthetic speech and sound effects. Offering employees liquidity through tenders rather than an IPO is increasingly used by fast-growing AI startups as a way to retain staff amid competition for talent, and the deal cements ElevenLabs' position among Europe's most valuable private tech companies.
- ElevenLabs' valuation doubled to $22B via a $300M employee tender offer
- Wellington and T. Rowe Price co-led the transaction, typical of firms that hold stakes through IPOs
- This marks the startup's second employee share sale in months, following a $6.6B tender in September 2025
Source: techcrunch.com — Marina Temkin, 2026-09-30
Published there as: “AI voice startup ElevenLabs doubles valuation to $22B”
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