ElevenLabs funding rounds & valuation history
ElevenLabs, the AI voice company founded in 2022, from its 2023 Series A to its 2026 Series D and the two employee tenders, sourced to ElevenLabs’ own announcements and TechCrunch.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Tender |
Employee tender offerElevenLabs says the tender is double its Series D valuation. Tender, not a primary round, so it is not the last-closed valuation. |
$300MShares sold by employees; no new money to the company |
Wellington, T. Rowe PriceAlso: BDT & MSD, EQT, GIC, Goldman Sachs, OTPP, Sapphire Ventures (new); Alkeon, Andreessen Horowitz and others |
$22BStated by ElevenLabs (“values ElevenLabs at $22 billion”) |
—Not disclosedTender price, not a new round; no multiple |
||
Closed round |
Series DElevenLabs says total funding is $781M across five rounds since 2022. More investors were to be disclosed later in February 2026. |
$500M |
Sequoia CapitalAlso: a16z, ICONIQ, Lightspeed, Evantic Capital, BOND, BroadLight, NFDG, Valor, AMP Coalition, Smash Capital |
$11BStated by ElevenLabs; pre- or post-money not stated3.33× vs prior closed |
—Not disclosedNo multiple: ElevenLabs did not say pre- or post-money. TechCrunch reports it closed 2025 at $330M ARR |
||
Tender |
Employee tender offerLaunched (announced) 8 Sep 2025; ElevenLabs said it had passed $200M ARR earlier in 2025. Tender, not a primary round. |
$100M |
Sequoia, ICONIQAlso: a16z, Smash Capital, World Innovation Lab and other insiders |
$6.6BStated by ElevenLabs (“at a valuation of $6.6 billion”) |
—Not disclosedTender price, not a new round; no multiple |
||
Closed round |
Series CCo-led. ElevenLabs says this tripled its valuation from a year earlier; step-up not computed because the Series B figure is only “over $1 billion”. Total funding $281M across four rounds. |
$180M |
a16z, ICONIQ GrowthAlso: NEA, WiL, Valor, Endeavor Catalyst, Lunate (new); Deutsche Telekom, LG, HubSpot, NTT DOCOMO, RingCentral (strategic) |
$3.3BStated by ElevenLabs; basis not stated |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series BCo-led. Total raised $101M (TechCrunch). Lower bound only, so no step-up. |
$80M |
Andreessen Horowitz, Nat Friedman, Daniel GrossAlso: Sequoia, Smash Capital, SV Angel, BroadLight, Credo Ventures |
Over $1BTechCrunch: “values the company at over $1 billion”; ElevenLabs did not state a figure |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series ACo-led. |
$19M |
Andreessen Horowitz, Nat Friedman, Daniel Gross |
$99MPost-money, per “a source familiar with the matter” (TechCrunch); not confirmed by ElevenLabs |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Closed primary rounds only. The Series B bar is a lower bound (“over $1 billion”). The $6.6B (Sep 2025) and $22B (Sep 2026) employee tenders are not plotted.
Sources: ElevenLabs; TechCrunch. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- 20 Jun 2023 · Closed
Series A: $19M at a reported $99M post-money.
- 22 Jan 2024 · Closed
Series B: $80M, valued at over $1B.
- 30 Jan 2025 · Closed
Series C: $180M at $3.3B.
- 8 Sep 2025 · Tender
$100M employee tender at $6.6B.
- 4 Feb 2026 · Closed
Series D: $500M at $11B, led by Sequoia.
- 30 Sep 2026 · Tender
$300M employee tender at $22B.
Cite this dataset
Free to quote with a link back. Copy this citation:
ElevenLabs Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/elevenlabs/
Download the data
The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
elevenlabs-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/elevenlabs-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Tender
A sale of existing shares (employee tender, secondary or buyback). It brings no new primary capital, so it is Status, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
The 2022–23 pre-seed (ElevenLabs says its first round valued it at $9 million; the amount is not in the sources used), investors disclosed after the Series D, and ARR updates outside round announcements.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 2, not yet published).
Sources
- ElevenLabs: ElevenLabs valuation increases to $22 billion…, 30 Sep 2026
- TechCrunch: AI voice startup ElevenLabs doubles valuation to $22B, 30 Sep 2026
- ElevenLabs: ElevenLabs raises $500M Series D at $11B valuation, 4 Feb 2026
- TechCrunch: ElevenLabs raises $500M from Sequoia at an $11 billion valuation, 4 Feb 2026
- ElevenLabs: Announcing an Employee Tender Offer at $6.6B valuation, 8 Sep 2025
- ElevenLabs: ElevenLabs raises $180M Series C…, 30 Jan 2025
- ElevenLabs: ElevenLabs Releases New AI Products and Raises $80M Series B, 22 Jan 2024
- TechCrunch: Voice cloning startup ElevenLabs lands $80M, achieves unicorn status, 22 Jan 2024
- TechCrunch: Voice-generating platform ElevenLabs raises $19M, launches detection tool, 20 Jun 2023