ElevenLabs offers $300M employee share sell-off at $22B value
AI voice startup ElevenLabs just gave employees a chance to cash out $300 million in shares, valuing the company at $22 billion. That's double what it was worth in February, when it raised $500 million. Investors led by Wellington and T. Rowe Price bought in, with several new big names joining. This isn't new for ElevenLabs—the company's done employee buyouts before, aiming to keep staff from jumping ship in a white-hot AI market.
- $22B valuation, double from February
- $300 million in employee shares sold
- Wellington and T. Rowe Price led the deal
- Multiple new major investors joined in
- ElevenLabs specializes in AI-generated voice tech
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