ElevenLabs raises $500M Series D at $11B valuation
ElevenLabs raised a $500M Series D at an $11B valuation to expand its audio AI platforms.
ElevenLabs announced a $500 million Series D at an $11 billion valuation, more than triple its valuation from a year earlier. The round was led by Sequoia Capital, with A16Z, ICONIQ, Lightspeed, BOND, and others participating. The company says it will invest in ElevenAgents, ElevenCreative, ElevenAPI, voice agents, conversational models, dubbing, audio research, and international expansion.
ElevenLabs has announced the completion of a $500 million Series D funding round, with its latest valuation reaching $11 billion—more than tripling from a year ago. The company stated that since its founding in 2022, it has cumulatively raised $781 million across five rounds. This round was led by Sequoia Capital, with Andrew Reed joining the board; Andreessen Horowitz and ICONIQ also increased their stakes at significantly oversubscribed proportions, while new investors Lightspeed Venture Partners, Evantic Capital, and BOND joined, and existing investors BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital continued their support.
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