ElevenLabs is now valued at $22 billion after a share sale
Employees sold $300 million of stock at twice February’s valuation, and the company raised no new money. ElevenLabs says businesses now bring in 55% of its revenue, and voice agents are its fastest-growing product.
ElevenLabs, the AI voice company, said on September 30 that a $300 million share sale by employees values it at $22 billion. Wellington and T. Rowe Price led the deal, and investors including EQT, Goldman Sachs and Singapore’s GIC bought in for the first time. The valuation is double the $11 billion of its funding round in February.