AI voice startup ElevenLabs doubles valuation to $22B
TechCrunch 2 weeks ago 44 ● 5 sources
ElevenLabs allowed employees to cash out part of their vested equity through a tender offer tied to a $22 billion valuation. The valuation doubled from $11 billion after its February $500 million funding round. As a result, employees could sell shares via a $300 million tender, and the company followed a second secondary liquidity round as an employee-retention tool.