ElevenLabs lets staff sell shares as valuation soars to $22 billion

ElevenLabs, a voice-AI startup founded in 2022, disclosed a $300 million secondary offering that lets employees sell a portion of their vested shares. The transaction, arranged with Wellington and T. Rowe Price, lifts the company’s valuation to $22 billion, double the $11 billion level recorded after a $500 million raise in February. This is the second employee-focused liquidity event; the first was a $100 million tender at a $6.6 billion valuation in September 2025.

The move reflects a broader trend among high-growth AI firms using share-sale programs to keep staff from jumping to rivals. ElevenLabs is recognized for generating lifelike human voices and sound effects. The new valuation places the New York- and London-based firm among Europe’s most valuable private tech startups.