AI voice startup ElevenLabs doubles valuation to $22B

ElevenLabs, a voice-AI startup founded in 2022, announced a $300 million tender offer that lets employees sell vested equity at a $22 billion valuation, doubling its February $11 billion valuation. The transaction, co-led by Wellington and T. Rowe Price, follows a prior $100 million offer at $6.6 billion in September 2025, positioning the company among Europe’s most valuable startups.