ElevenLabs Offers Employee Share Sale at $22 Billion Valuation

Voice AI startup ElevenLabs announced that employees can sell a portion of their vested equity at a $22 billion valuation. The figure is double the $11 billion valuation the company reached after raising $500 million in February.

The recent $300 million tender offer allowed employees to sell shares to investors. The transaction was co-led by Wellington and T. Rowe Price, major institutional investors known for backing private companies and retaining their holdings after those companies go public.

The offer reflects a growing trend among rapidly expanding AI startups, which increasingly use employee liquidity programs as a retention strategy to discourage staff from joining competitors.

This marks the second employee secondary transaction authorized by the four-year-old company. ElevenLabs previously conducted a $100 million tender offer at a $6.6 billion valuation in September 2025.

Founded in 2022, ElevenLabs is known for producing highly realistic human voices and sound effects. With its latest valuation, the New York- and London-based company now ranks among Europe’s most valuable startups.