ElevenLabs Doubles Valuation to $22B in $300M Employee Tender Offer

AI voice generation startup ElevenLabs has doubled its valuation to $22 billion through a $300 million employee tender offer co-led by investment firms Wellington and T. Rowe Price. The transaction gives early employees and other insiders liquidity while signaling continued institutional confidence in the voice AI sector.

The milestone marks a significant step up for ElevenLabs, cementing its position as one of the most highly valued AI audio companies. The involvement of major asset managers Wellington and T. Rowe Price underscores growing mainstream financial interest in generative voice technology.