# ElevenLabs raises $300 million, valuation climbs to $22 billion

> The voice‑AI firm closed a $300 M employee tender offer, doubling its value since February and reporting that enterprise customers now make up more than half of its revenue.

Oossa · 2026-09-30 · https://oossa.com/en/elevenlabs-raises-300-million-valuation-climbs-to-22-billion

Produced and translated with AI assistance. Check the original sources below.

ElevenLabs announced that it has completed a $300 million employee tender offer. The deal values the company at $22 billion, roughly twice the $11 billion valuation it reported after its Series D round in February 2026. The tender was led by Wellington and T. Rowe Price, with new investors such as EQT, Goldman Sachs and GIC joining existing backers like Andreessen Horowitz and Lightspeed.

## Why the valuation jump matters

The higher valuation reflects strong demand for ElevenLabs’ conversational‑agent platform, which it calls ElevenAgents. Enterprise users now account for 55 % of the company’s revenue, and the firm says its voice agents handle more than 15 million conversations each week – three times the volume it logged in February.

## What the company is delivering

ElevenLabs has released two new text‑to‑speech models, v4 and v4 Turbo, which it describes as its fastest and most emotive. It also offers a medical transcription model called Scribe v2. The platform lets businesses connect the agents to internal knowledge bases, so the AI can answer questions, process refunds, schedule appointments and more. Customers include five of the world’s ten largest tech firms, five of the top ten insurers and four of the top ten telecoms.

## The facts

- ElevenLabs closed a $300 million employee tender offer.
- The tender values the company at $22 billion, double its February 2026 Series D valuation.
- Enterprise revenue now makes up 55 % of total revenue.
- ElevenAgents handle over 15 million conversations per week, a 3 × increase since February.
- The firm has more than 800 employees.

## Why it matters

For businesses, the funding signals that large‑scale voice AI is becoming a mainstream tool for customer support and internal operations. For everyday users, it means you may hear more natural‑sounding automated voices when you call a bank, book a doctor’s appointment, or interact with a government service.

## Sources & references

1. [ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents](https://elevenlabs.io/blog/tender-22bn) – ElevenLabs

Last updated: 2026-09-30