ElevenLabs Doubles Valuation to $22 Billion in $300 Million Tender

30 Sept 2026, 11:53 pm · 1d ago · 1 min read · TechCrunch AI

Amount

$300M

Stage

Secondary

Lead

Wellington Management and T. Rowe Price

AI voice generation startup ElevenLabs has doubled its valuation to $22 billion following a $300 million employee tender offer. The secondary transaction was co-led by investment firms Wellington Management and T. Rowe Price. The liquidity event enables current and former employees to sell shares while establishing a new benchmark valuation for the fast-growing voice AI company. ElevenLabs provides generative voice cloning, dubbing, and synthetic speech tools for developers and media enterprises. The latest valuation highlights sustained institutional investor appetite for leading artificial intelligence application platforms that demonstrate rapid commercial traction and enterprise adoption globally.