VTechFusion Team
VTechFusion Technologies
ElevenLabs completed a $300 million employee tender offer on September 30, 2026, valuing the AI voice company at $22 billion.
Twice February's Valuation
The new figure doubles the $11 billion valuation ElevenLabs reached when it raised $500 million in a Series D in February 2026.
Who Bought In
Wellington and T. Rowe Price led the tender, with existing backers Andreessen Horowitz and Lightspeed and new investors including EQT and Goldman Sachs participating.
Liquidity, Not New Capital
Unlike a conventional round, a tender offer lets employees and existing shareholders sell stock to investors, providing liquidity without necessarily raising new money for the company. Days earlier, ElevenLabs released its v4 speech model with more expression control and support for 90 languages.
Voice Agents Are Going Mainstream
Investor demand reflects how quickly businesses are adopting AI voice for support, sales and bookings. If you deploy one, tell callers they are speaking with an AI and make reaching a human easy — trust is the hardest part to win back.
Frequently Asked Questions
What is ElevenLabs valued at?
$22 billion, following a $300 million employee tender offer completed September 30, 2026.
Did ElevenLabs raise new money?
The tender offer let employees and existing shareholders sell shares; it is a liquidity event rather than a conventional fundraise.
Who led the tender offer?
Wellington and T. Rowe Price.
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