The AI voice company reached a $22 billion valuation on September 30, 2026 through a $300 million secondary tender for employees — double its $11 billion Series D from February — co-led by Wellington and T. Rowe Price, on the back of surging enterprise demand for its voice agents.
2026-09-30 · by Moe Ameen
On September 30, 2026, ElevenLabs said it had reached a $22 billion valuation through a $300 million secondary tender offer that lets employees sell shares. That is double the $11 billion valuation the AI voice company set in February 2026, when it raised a $500 million Series D. The tender was co-led by Wellington and T. Rowe Price. ElevenLabs said new investors including EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures, and BDT & MSD took part alongside existing backers such as Andreessen Horowitz, Lightspeed, ICONIQ, and D.E. Shaw. It is the company's second employee liquidity event, following a $100 million tender at a $6.6 billion valuation in September 2025.
Worth being precise about what this is: a tender offer is a secondary transaction — existing shareholders and employees sell stock to investors — not a primary fundraise that puts new operating cash on the balance sheet. Companies run them as retention and liquidity tools for staff, a common move among fast-growing AI firms. So the headline is the valuation and the investor demand it signals, not a fresh war chest.
ElevenLabs framed the jump around enterprise traction rather than its consumer product. It said enterprise now accounts for 55% of revenue, and that its conversational voice agents — ElevenAgents — have more than tripled annual recurring revenue since the Series D and now handle more than 15 million conversations a week. Founded in 2022 by Mati Staniszewski and Piotr Dąbkowski, and headquartered in New York and London, ElevenLabs is best known for ultra-realistic text-to-speech, voice cloning, dubbing, and sound effects, with a Scribe speech-to-text model and its Eleven Music generator rounding out the suite. It is now among Europe's most valuable startups. Treat the exact figures as reported by the company and confirm any detail against its official announcement before relying on it.
The practical read for a creator is not "ElevenLabs is worth $22B" — it is "AI voice just got a giant vote of confidence, so leaning on it is a safer bet, and the real question is what you do with the voice after it's generated." That after-the-voice half is exactly what [Kompozy](/) owns. ElevenLabs hands you a narration track or a dubbed line; it makes no video, no captions, and publishes nowhere. Kompozy is the engine that turns that audio into finished content: drop an ElevenLabs voiceover under a [Clipped Short](/glossary/clipped-short) cut from long footage, a [Listicle Video](/glossary/output-buckets), or a Naturalistic Video, and Kompozy burns in word-synced captions, reframes to 9:16, 1:1, and 16:9, and keeps the on-screen copy in your voice through the [Persona Brief](/glossary/persona-brief).
Then it does the part the funding round is entirely silent on — distribution. One idea and one voice track fan out into a [Persona Short](/glossary/persona-shorts) with a face-locked avatar, a carousel, quote graphics, a photo post, a blog, and a newsletter, and [Autopilot](/glossary/autopilot) schedules the whole set across the eight social platforms plus blog and email behind a per-post review gate. As AI voice keeps getting cheaper and better, the scarce skill is no longer generating the sound — it is shipping distinct, on-brand content built around it, everywhere, fast. That is the layer Kompozy provides; ElevenLabs is one input feeding it.
As of September 30, 2026, ElevenLabs is valued at $22 billion, reached through a $300 million secondary tender offer that lets employees sell shares. That is double the $11 billion valuation it set in February 2026 with its $500 million Series D.
Not in the primary sense. The $22 billion figure comes from an employee tender offer — a secondary transaction where existing shareholders sell stock to investors co-led by Wellington and T. Rowe Price — used mainly for staff liquidity and retention. Its last primary raise was the $500 million Series D in February 2026.
ElevenLabs is an AI voice company founded in 2022, best known for ultra-realistic text-to-speech, voice cloning, dubbing, and sound effects, with a Scribe speech-to-text model, the Eleven Music generator, and ElevenAgents conversational voice agents. It says enterprise now makes up 55% of its revenue.
It confirms AI voice is a durable, well-funded category, so building on AI voiceover and dubbing is a safer bet. But the growth is enterprise-driven, not creator-feature-driven, and it doesn't change the real bottleneck: turning a voice track into captioned, reframed, scheduled video across platforms — which is what a content engine like Kompozy handles.