ElevenLabs, the AI voice startup founded in 2022 by former Google and Palantir employees Mati Staniszewski and Piotr Dabkowski, is in early discussions for a secondary share sale that could value the company at about $22 billion, according to sifted.eu. This proposed tender offer would allow employees to sell some shares and could occur as soon as September, more than doubling its valuation since a $500 million raise at $11 billion in February.
The talks involve a tender offer enabling employees to liquidate part of their holdings, signaling growing investor interest. ElevenLabs has gained prominence in Europe as a leading AI startup by developing voice generation tools used in publishing, advertising, customer service, and enterprise software. The company’s shift towards enterprise clients has been noted in recent interviews, reflecting a strategic pivot to broaden its market reach and revenue streams, as reported by sifted.eu.
This potential valuation surge underscores the rapid growth and investor confidence in AI voice technologies amid a competitive landscape. ElevenLabs’ $22 billion target would place it among Europe’s most valuable AI startups, highlighting the sector’s expanding footprint. The company’s previous funding round in February at $11 billion valuation was one of the largest in the AI startup space, illustrating the increasing appetite for AI-driven voice solutions across industries.
If completed, the tender offer could take place by September, marking a significant milestone for ElevenLabs and its stakeholders. The company’s trajectory from a $11 billion valuation in February to a possible $22 billion valuation within months reflects the accelerating momentum in AI voice technology adoption, according to sifted.eu.