ElevenLabs valuation doubles to $22 billion

Voice AI startup ElevenLabs has doubled its valuation to $22 billion through a $300 million tender offer that allowed employees to sell vested equity. The deal was co-led by institutional investors Wellington and T. Rowe Price. It marks the second such secondary transaction for the four-year-old company, which previously held a $100 million tender at a $6.6 billion valuation in September 2025. Founded in 2022 and known for realistic AI-generated voices and sound effects, ElevenLabs now ranks among Europe's most valuable startups.