ElevenLabs Doubles Valuation to $22 Billion in $300 Million Employee Tender Offer
ElevenLabs’ latest $300 million employee tender offer, co-led by Wellington and T. Rowe Price, doubles its valuation from $11 billion in February to $22 billion. The New York-London startup previously offered $100 million in September 2025.
Voice AI startup ElevenLabs announced on September 30, 2026 that it is allowing employees to sell a portion of their vested equity at a $22 billion valuation — double the $11 billion valuation the company achieved when it raised $500 million in February 2026.
The $300 million tender offer, co-led by institutional investors Wellington and T. Rowe Price, gave employees the opportunity to cash out shares. Both firms back private companies with the intention of holding stock through a future public offering.
Founded in 2022 and headquartered in New York and London, ElevenLabs is known for generating ultra-realistic human voices and sound effects. With the new valuation, the company joins the ranks of Europe’s most valuable startups.
This is the second employee liquidity event ElevenLabs has authorized. The company previously held a $100 million tender offer at a $6.6 billion valuation in September 2025.
According to the source, the offering is part of a broader trend among fast-growing AI startups that use employee liquidity as a retention tool to prevent staff from leaving for competitors.
The rapid rise in valuation — from $6.6 billion to $11 billion to $22 billion within roughly a year — suggests strong investor demand for the four-year-old company. Co-founder and CEO Mati Staniszewski spoke with TechCrunch ahead of the announcement.