AI Voice Startup Doubles Valuation in Employee Share Sale
Employees at leading voice AI startup
ElevenLabs are selling company shares in a secondary sale that values the company at $6.6 billion, doubling its valuation in just nine months. The $100 million tender offer, announced by the company, is led by existing investors Sequoia and ICONIQ, with participation from Andreessen Horowitz (a16z), Smash Capital, World Innovation Lab, and other insiders[1][5].
Significant Growth and Employee Rewards
The move allows ElevenLabs employees to realize some of the value they have contributed during a period of rapid company growth. ElevenLabs has seen its annual recurring revenue (ARR) surpass $200 million this year and is aiming to reach $300 million by the end of 2025[1][4]. The company now enjoys a near-equal revenue split between enterprise and self-serve customers, with enterprise revenues growing by more than 200% in the last year[1].
- Valuation: $6.6 billion post-money, double the Series C valuation nine months prior
- Share sale: $100 million employee tender offer
- ARR milestone: Over $200 million and aiming for $300 million by year-end
- Headcount: Quadrupled over the past year
- Key investors: Sequoia, ICONIQ, a16z, Smash Capital, World Innovation Lab
AI Voice Innovation at Scale
ElevenLabs is recognized for its advanced AI-powered text-to-speech tools and aims to make speech the standard for digital interaction. The company has seen exponential growth in enterprise adoption, positioning itself as a leader in voice AI research and product development[1][4]. The tender offer reflects a broader trend in the AI sector, where employee liquidity and secondary sales are becoming more common as startups reach massive valuations[3][5].
The move is seen as aligning employee interests with the long-term vision of building a generational AI company, rewarding staff for their ingenuity and commitment as the industry transforms digital experiences.
Further Reading
Learn more about AI tools like
ChatGPT and how companies like ElevenLabs are shaping the future of enterprise voice technology.
