ElevenLabs Doubles Valuation to $22B in $300M Tender Offer
ElevenLabs announced a $300 million employee tender offer at a $22 billion valuation, co-led by Wellington and T. Rowe Price.
ElevenLabs has announced a $300 million tender offer that lets employees sell a portion of their vested equity at a $22 billion valuation. The deal doubles the AI voice company's previous valuation.
The transaction was co-led by Wellington and T. Rowe Price, according to TechCrunch.
The move gives early employees a chance to convert part of their holdings into cash without waiting for an IPO or acquisition.
Valuation climbs fast
The new figure marks a sharp jump from earlier rounds. In February, ElevenLabs raised $500 million at an $11 billion valuation.
Before that, in September 2025, the company held a $100 million tender at a $6.6 billion valuation.
ElevenLabs was founded in 2022 and is based in New York and London.
Quick answers
What is ElevenLabs' new valuation?
The company's $300 million tender offer values it at $22 billion, doubling its previous valuation.
Who co-led the ElevenLabs tender offer?
Wellington and T. Rowe Price co-led the $300 million transaction.
When did ElevenLabs last raise money?
In February, ElevenLabs raised $500 million at an $11 billion valuation.