ElevenLabs

Last Reported Valuation
$11B
Series D, Feb 2026
Total Funding Raised
$850M+
As of June 2026
Founded
2022
New York, NY
Exchange Listing
Private
Not publicly traded
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About ElevenLabs

ElevenLabs is the world's leading AI audio and voice technology company. Founded in 2022 by Mati Staniszewski (CEO) and Piotr Dabkowski (CTO) — former Palantir and Google engineers — the company began by developing hyper-realistic AI text-to-speech models and has since expanded into a full AI audio platform encompassing speech-to-text, sound effects, AI dubbing in 70+ languages, music generation, and enterprise voice agents.

On February 4, 2026, ElevenLabs announced a $500 million Series D led by Sequoia Capital, valuing the company at $11 billion — more than tripling its valuation from one year prior. Andreessen Horowitz quadrupled its stake and ICONIQ tripled down, with new investors including Lightspeed Venture Partners, BOND, and Evantic Capital also joining. A third close of the Series D in May 2026 added BlackRock, Wellington, D.E. Shaw, Schroders, NVIDIA (via NVentures), Salesforce, and Deutsche Telekom as strategic backers, bringing total funding to over $850 million.

ElevenLabs reached an estimated $500 million in ARR in April 2026, up from $330 million at year-end 2025 and just $4.6 million in 2023. Its platform is used by 41% of Fortune 500 companies, with enterprise customers including Deutsche Telekom, Revolut, Klarna, Duolingo, Meta, Salesforce, Epic Games, MasterClass, and the Ukrainian Government. The company is targeting IPO readiness within 2–3 years, though no underwriters or timeline have been formally announced.

Funding History

Round Date Amount Raised Post-Money Valuation Notable Investors
Series D (3rd Close) May 2026 ~$70M+ ~$11B BlackRock, Wellington, D.E. Shaw, Schroders, NVIDIA, Salesforce, Deutsche Telekom, Santander
Series D Feb 2026 $500M ~$11B Sequoia Capital (lead), a16z, ICONIQ, Lightspeed, BOND, Evantic Capital, BroadLight, Smash Capital
Tender Offer Sep 2025 $100M ~$6.6B Sequoia, ICONIQ, a16z (staff liquidity round)
Series C Jan 2025 $180M ~$3.3B a16z (co-lead), ICONIQ (co-lead), Salesforce Ventures, Deutsche Telekom, LG Technology Ventures
Series B Jan 2024 $80M ~$1.1B a16z, Nat Friedman, Daniel Gross, Sequoia, Smash Capital, BroadLight
Series A May 2023 $19M ~$100M a16z (lead), Nat Friedman, Daniel Gross, SV Angel
Seed Jan 2023 $2M — Credo Ventures, Concept Ventures, Peter Czaban

Figures sourced from public disclosures and press releases. Approximate. For informational purposes only. Not an offer or solicitation.

Company Details

Legal Name
Eleven Labs, Inc.
Headquarters
New York, NY
Founded
2022
Sector
Artificial Intelligence
Sub-Sector
AI Audio / Voice Technology
Flagship Product
ElevenLabs Voice Platform
CEO
Mati Staniszewski
Employees
~530
Exchange Listing
Not Public

ElevenLabs Stock FAQs

No. ElevenLabs is a private company and its shares are not listed on any public exchange as of June 2026. The company has stated it is targeting IPO readiness within 2–3 years, though no underwriters, timeline, or S-1 filing has been announced. Accredited investors interested in exposure to ElevenLabs may explore the FNEX Ventures Fund, subject to eligibility and availability.
ElevenLabs' most recently reported post-money valuation is $11 billion, established at the close of its Series D round in February 2026. This represents more than a 10x increase from its $1.1 billion unicorn valuation reached in January 2024 — achieved in just two years. Private company valuations are based on the terms of recent financing rounds and are not indicative of current market value or future performance.
ElevenLabs' investor base includes Sequoia Capital, Andreessen Horowitz (a16z), ICONIQ Growth, Lightspeed Venture Partners, BOND, BlackRock, Wellington Management, D.E. Shaw, Schroders, Salesforce Ventures, NVIDIA (NVentures), Deutsche Telekom, Santander, BroadLight Capital, Smash Capital, and angel investors Nat Friedman and Daniel Gross. Notable strategic investors and individual backers added in the May 2026 Series D close include Jamie Foxx, Eva Longoria, and Matthew McConaughey.
ElevenLabs builds AI audio infrastructure — the tools that allow any company or creator to generate, clone, localize, and deploy human-quality voice at scale. Its three core platforms serve distinct markets: ElevenAgents (enterprise voice and chat AI agents for customer service, sales, and internal workflows), ElevenCreative (audio production and localization tools for brands and content creators in 70+ languages), and ElevenAPI (production-ready voice infrastructure used by platforms reaching over one billion users). Enterprise customers include Meta, Salesforce, Epic Games, Deutsche Telekom, Revolut, Klarna, MasterClass, Duolingo, and the Ukrainian Government.
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This is a private company. Its shares are not publicly traded and no market pricing is provided on this page. All valuation figures are based on publicly reported funding round data and are not indicative of current market value, intrinsic value, or future performance. Private company valuations are inherently uncertain and may change materially over time.

Company names, logos, and trademarks referenced or displayed on this page are used for illustrative purposes only and do not represent actual holdings, target investments, or future investment intentions of the FNEX Ventures Fund. There is no guarantee that any portfolio company will complete an initial public offering (IPO), merger, acquisition, or other liquidity event. Investment in private funds involves a high degree of risk, including the possible loss of the entire investment. Past performance is not indicative of future results.

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