ElevenLabs

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 million
• Sector: DeepTech & AI
• Advisor: None mentioned
• Key Entities: ElevenLabs, Wellington Management, T. Rowe Price, Goldman Sachs, GIC, EQT, Ontario Teachers’ Pension Plan, Sapphire Ventures, BDT & MSD
• Location: London, United Kingdom

Note: 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.