ElevenLabs Announces Employee Equity Cashing at a Doubled Valuation of $22 Billion
AI voice startup ElevenLabs has announced that employees can now cash out part of their vested equity at a valuation of $22 billion, doubling from its previous $11 billion valuation in February. The company raised $300 million through the tender offer, co-led by Wellington and T. Rowe Price. This move is part of an increasing trend among AI startups to retain talent using employee liquidity programs. Founded in 2022, ElevenLabs specializes in generating ultra-realistic human voices and sound effects. The company has now become one of Europe’s most valuable startups based on its new valuation. It previously held a $100 million tender at a $6.6 billion valuation in September 2025.
Topics: AI ElevenLabs liquidity Startups voice AI