ElevenLabs announced today that staff may sell vested shares at a $22 billion valuation, doubling the $11 billion figure reached during a February funding round. This $300 million tender offer allows employees to liquidate equity while Wellington and T. Rowe Price lead the transaction to retain stock for a future public listing. The deal aligns with a wider pattern among high-growth artificial intelligence firms using liquidity events to keep talent from moving to rivals. This marks the second such secondary sale for the four-year-old business, which previously authorised a $100 million offering at $6.6 billion in September 2025. Founded in 2022, the New York- and London-based firm specialises in generating ultra-realistic human voices and sound effects. With this new valuation, the company joins the ranks of Europe’s most valuable startups.
The valuation jump reflects sustained demand for synthetic audio tools in content creation and customer service sectors. It signals that institutional investors view the technology as a durable asset rather than a speculative experiment. Staff retention remains the primary driver for these liquidity events, ensuring core teams stay during rapid expansion phases.
* Previous valuation was $11 billion in February
* Wellington and T. Rowe Price co-led the deal
* Company is based in New York and London
