Deal History
Investor: Wellington Management, T. Rowe Price
London-headquartered voice AI pioneer ElevenLabs has completed a $300 million (£225 million) employee secondary tender offer, doubling its company valuation to $22 billion (£16.5 billion). Summary of transaction details: Transaction Size & Valuation: $300 million employee liquidity tender offer at a $22 billion valuation (doubling its $11 billion valuation set during its $500m Series D led by Sequoia in February 2026). Sector: DeepTech & AI / Conversational AI / Voice Synthetic Intelligence. Co-Lead Institutional Investors: Wellington Management and T. Rowe Price. New Institutional Participants: Goldman Sachs, EQT, GIC (Singapore's Sovereign Wealth Fund), Ontario Teachers' Pension Plan (OTPP), Sapphire Ventures, and BDT & MSD. Follow-on Backers: Andreessen Horowitz (a16z), Lightspeed Venture Partners, ICONIQ Growth, D.E. Shaw, Evantic, DISRUPTIVE, and Alkeon. Key Entities: Target: ElevenLabs (Eleven Labs Ltd); Key Founders: Mati Staniszewski (CEO, ex-Palantir), Piotr Dabkowski (CTO, ex-Google ML engineer). Location: London, UK (Global HQ), with global operations spanning 800+ employees. Note: Founded in 2022 by Polish entrepreneurs Mati Staniszewski and Piotr Dabkowski, ElevenLabs has evolved from a text-to-speech audio tool into a full-stack conversational voice AI platform. Designed to let software interact via natural human speech across 90+ languages, the platform’s core expansion is driven by its enterprise solution, ElevenAgents. Large corporate and government clients—including Stripe, Deutsche Telekom, Admiral Insurance, and the governments of Ukraine and Greece—now deploy ElevenLabs voice agents across 15 million weekly conversations to handle insurance renewals, telecom plan upgrades, and healthcare scheduling. Enterprise clients account for 55% of total revenue, with ElevenAgents ARR more than tripling since early 2026. This $300 million secondary transaction was structured as a liquidity event for employees and early shareholders without issuing primary shares, solidifying ElevenLabs alongside France's Mistral ($24 billion valuation) as Europe's premier AI scale-up.
Investor: Wellington and T. Rowe Price
ElevenLabs, the London-founded voice AI technology developer, has completed a $300 million secondary tender offer, driving its valuation to $22 billion.Summary of transaction details:Value: $300 millionSector: DeepTech & AIAdvisor: None mentionedKey Entities: ElevenLabs, Wellington Management, T. Rowe Price, Goldman Sachs, GIC, EQT, Ontario Teachers’ Pension Plan, Sapphire Ventures, BDT & MSDLocation: London, United KingdomNote: This transaction was structured as an employee share sale (tender offer) led by Wellington Management and T. Rowe Price, allowing employees and early backers to realize liquidity without the company raising fresh operational capital.
Investor: Vinci Fund
Investor: BlackRock, Eva Longoria, Jamie Foxx, Nvidia
Investor: Sequoia
London-headquartered ElevenLabs, a global leader in AI voice generation technology, has successfully completed a Series D funding round, securing $500 million (£368 million) at an $11 billion valuation. This monumental investment officially cements ElevenLabs' position as the UK's most valuable AI company. Summary of transaction details: Value: $500 million (£368 million) Sector: Artificial Intelligence / Voice Generation / Conversational AI Advisor: Undisclosed Key Entities: Target: ElevenLabs; Lead Investor: Sequoia; Additional Investors: a16z, Iconiq, BroadLight, NFDG, Valor Capital, AMP Coalition, Smash Capital, Lightspeed Venture Partners, Evantic Capital, and Bond Location: London, UK Note: This substantial Series D funding highlights immense institutional confidence in cutting-edge conversational AI. ElevenLabs will utilize this capital to accelerate the expansion of its ElevenAgents platform. By investing deeply into developing faster, more emotionally intelligent AI models and improved orchestration systems, the company aims to revolutionize enterprise customer experience, revenue team operations, and overall market efficiency.
Investor: Sequoia Capital
ElevenLabs, a UK-based artificial intelligence voice company, has raised $500 million in fresh funding, pushing its valuation to $11 billion. Summary of transaction details: Value: $500 million Sector: Software & SaaS Advisor: Not disclosed Key Entities: ElevenLabs, Sequoia Capital Location: UK Note: The funding round reflects strong enterprise demand for AI-powered tools that bring automation closer to human interaction, and is expected to drive further growth for ElevenLabs as it expands beyond speech into music and conversational AI.
Investor: Evantic, Nvidia, Sequoia, Andreessen Horowitz, Bond, Lightspeed Ventures, Iconiq Capital
Investor: NVIDIA
Investor: SV Angel, World Innovation Lab (WiL), Smash Capital, Salesforce Ventures, Valor Capital Group, Sequoia Capital, Andreessen Horowitz, NEA, Lunate, Endeavor Catalyst Fund, Iconiq Growth, BroadLight Capital, NFDG Ventures
Investor: Smash Capital, BroadLight Capital, SV Angel, Daniel Gross, Nat Friedman, Andreessen Horowitz, Sequoia Capital, Credo Ventures
Investor: Nat Friedman, TheSoul Publishing, Credo Ventures, Concept Ventures, Daniel Gross, Andreessen Horowitz, Storytel
Investor: Credo Ventures
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- Company Number
- 13826669
- Status
- Active
- Registered Address
- Floor 4 33 Broadwick Street, London, W1F 0DQ, England
- SIC Codes
- 62012 — Business and domestic software development62090
- Persons with Significant Control
- Mr Piotr Dabkowskiownership of shares 25 to 50 percent, voting rights 25 to 50 percent, right to appoint and remove directorsMr Mateusz Jakub Staniszewskiownership of shares 25 to 50 percent, voting rights 25 to 50 percent, right to appoint and remove directors
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