AI voice startup ElevenLabs doubles valuation to $22B
In Brief Posted: 11:23 AM PDT · September 30, 2026 Image Credits:ElevenLabs Marina Temkin AI voice startup ElevenLabs doubles valuation to $22B Voice AI startup ElevenLabs announced today that it’s allowing employees to cash out a portion of their vested equity at a $22 billion valuation, doubling…
In Brief Posted: 11:23 AM PDT · September 30, 2026 Image Credits:ElevenLabs Marina Temkin AI voice startup ElevenLabs doubles valuation to $22B Voice AI startup ElevenLabs announced today that it’s allowing employees to cash out a portion of their vested equity at a $22 billion valuation, doubling the $11 billion valuation the company hit when it raised $500 million in February. The recent $300 million tender offer gave employees an opportunity to sell their shares to investors. The transaction was co-led by Wellington and T. Rowe Price, large institutional investors that back private companies with the intention of retaining the stock after the company goes public. The offering is part of a growing trend among fast-growing AI startups that use employee liquidity as a retention tool to prevent staff from leaving for competitors. This is the second time that four-year-old ElevenLabs has authorized a secondary transaction for employees. The company previously held a $100 million tender at a $6.6 billion valuation in September 2025. Founded in 2022, the company is known for generating ultra-realistic human voices and sound effects. With its new valuation, New York- and London-based ElevenLabs joins the ranks of Europe’s most valuable startups. TechCrunch sat down with co-founder and CEO Mati Staniszewski last week. Topics AI, ElevenLabs, In Brief, liquidity, Startups, voice AI October 13 – 15 San Francisco Get 50% off a second passThe Disrupt experience is meant to be shared. Get your pass and bring a colleague, partner, or peer at 50% off. Cover more ground by making connections, building momentum, and discovering what’s next in the startup ecosystem. BOOK NOW Newsletters See More Subscribe for the industry’s biggest tech news Related Transportation Wayve launches $85M employee tender offer at $8.5B valuation Marina Temkin Jun 30, 2026 Startups Decagon completes first tender offer at $4.5B valuation Marina Temkin Mar 4, 2026 Venture Secondary sales shift from founder windfalls to employee-retention tools Marina Temkin Feb 5, 2026 Latest in Startups AI The AI race won’t wait, and neither will this TechCrunch Disrupt 25% discount TechCrunch Events 6 hours ago In Brief Valor, Atreides, and Sequoia back AI startup Flow Engineering at $750M valuation Julie Bort 8 hours ago Venture Factory CEO just accused his VC board adviser of spying for Cognition Julie Bort 8 hours agoSource: TechCrunch — Published — Category: Business