# ElevenLabs reaches $22bn valuation after employee tender

Wellington and T. Rowe Price led the transaction, doubling ElevenLabs' valuation since its Series D funding round in February.

- New investors joining the round include EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures, and BDT & MSD.
- ElevenLabs released Eleven v4 and v4 Turbo, its updated text-to-speech models.
- Enterprise clients now represent 55% of revenue, with ElevenAgents handling over 15 million conversations weekly.
- The company also noted Scribe v2 Medical, a domain-optimized transcription model for healthcare.

## Why it matters

ElevenLabs employees gain liquidity as enterprise adoption of voice AI agents expands across global tech, telecom, and insurance sectors.

## Sources

- [ElevenLabs: ElevenLabs reaches $22bn valuation after employee tender](https://elevenlabs.io/blog/tender-22bn)

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Summarized by dstilled on 2026-09-30. https://dstilled.ai/story/42dad00f-f7be-4af3-aa7e-a4f7fa59ae46