A $500 million Series D just catapulted ElevenLabs to an $11 billion valuation, tripling what the AI audio startup was worth barely a year ago.
The massive funding haul
The massive funding haul
- ElevenLabs pulled in $500 million with Sequoia Capital steering the round.
- Andrew Reed snagged a board seat as part of the deal.
- Andreessen Horowitz and ICONIQ both doubled down on their existing stakes.
- Lightspeed Venture Partners, Evantic Capital, and BOND hopped in as fresh backers.
- ElevenLabs sat at $3.3 billion after its $180 million Series C in January 2025.
- A $100 million tender offer last fall pegged the company at $6.6 billion.
- NVIDIA made a strategic investment back in September 2025.
- Total fundraising across five rounds has reached $781 million.
- ElevenAgents powers voice and chat bots for Deutsche Telekom, Revolut, and Ukraine's government.
- ElevenCreative handles content localization for clients like Duolingo and TIME.
- ElevenAPI delivers voice infrastructure to Meta, Epic Games, and Salesforce.
- Eleven Music dropped six months ago as a direct rival to Suno and Udio.
- Deals with Merlin and publisher Kobalt are already locked in.
- Mati Staniszewski and Piotr Dąbkowski co-founded the company back in 2022.
- Global office growth targets cities from Tokyo and Seoul to São Paulo and Berlin.
- Staniszewski openly flagged an IPO as part of the long-term roadmap.
