ElevenLabs Raises $500M, Valuation Reaches $11B
ElevenLabs announced the close of a $500 million Series D funding round, bringing its valuation to $11 billion and marking a major milestone in the evolution of voice and conversational AI.
The round was led by Sequoia Capital, with Andrew Reed joining the board. Andreessen Horowitz (a16z) quadrupled down on its investment, while ICONIQ Capital tripled its commitment. New investors including Lightspeed Venture Partners, Evantic Capital, and BOND also joined the round, alongside continued support from existing investors.
With this round, ElevenLabs’ total funding surpasses $781 million since its founding in 2022, while the company’s valuation has more than tripled compared to its January 2025 round.
The company closed 2025 with over $330 million in ARR, driven by rapid enterprise adoption from organizations such as Deutsche Telekom, Square, the Ukrainian Government, and Revolut, using ElevenLabs’ solutions across customer support, conversational commerce, citizen engagement, internal training, and inbound sales.
The new funding will accelerate research and product development, expand the company’s enterprise platform ElevenAgents, and support global expansion into new markets including India, Japan, Singapore, Brazil, and Mexico, alongside its existing international footprint.
