It plays with voice, it is close to the Czech Republic, and in four years it increased the company’s value 2,400x. Now it is worth 473 billion
Summary
ElevenLabs raised its valuation to $22 billion through a $300 million tender offer led by Wellington and T. Rowe Price. The deal let employees and existing shareholders sell shares without bringing new capital into the company. The company has grown rapidly on the strength of its AI voice products and voice agents, which now handle more than 15 million calls each week. Its enterprise business now drives a majority of revenue, with customers including Stripe, Deutsche Telekom, and government clients. The article also highlights strong European investor interest and ElevenLabs’ growing role in the global AI market.
Funding
Amount
$2.0M
Total raised
Date
December 31, 2022
Announcement date
Investors
T. Rowe Price, Sequoia Capital, Credo Ventures, Wellington Management
Lead investors
Company
elevenlabs.io
Funded company
AskAI Classifications
Sectors
Media and Entertainment
Multimedia
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
ElevenLabs
$50M to $100M