ElevenLabs Statistics 2026: Revenue, Valuation, Deals

Last Updated: November 1, 2026

Summary: ElevenLabs is valued at $22 billion after a $300 million share sale led by Wellington Management and T. Rowe Price closed in late September 2026, double its $11 billion Series D mark from February. CEO Mati Staniszewski told TechCrunch in September that ElevenLabs is at about $600 million in annual recurring revenue, with more than 55% coming from enterprise customers. ElevenLabs now has about 800 employees and launched its Eleven v4 voice model on September 28, 2026.

ElevenLabs statistics show one of the fastest valuation climbs in AI: from $3.3 billion in January 2025 to $22 billion in September 2026. ElevenLabs revenue has kept pace, rising from over $330 million in ARR at the end of 2025 to about $600 million by September 2026. Below are the verified numbers on ElevenLabs' valuation, revenue, funding, customers, headcount and pricing, each tied to the company's own announcements or major outlets.

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ElevenLabs is valued at $22 billion as of late September 2026, after a $300 million tender offer for employee and early investor shares, according to The Next Web. Wellington Management and T. Rowe Price led the sale, which doubled the $11 billion valuation set by ElevenLabs' $500 million Series D. Sequoia Capital led that Series D, which closed February 4, 2026, per TechCrunch.

ElevenLabs' valuation has climbed in steep steps. The company was valued at $3.3 billion after its January 2025 Series C and at $6.6 billion in a $100 million employee tender in September 2025, according to TechCrunch.

Sequoia partner Andrew Reed joined ElevenLabs' board, as part of the deal. Existing investor Andreessen Horowitz quadrupled its investment amount in this round specifically. Iconiq, which had led the previous round, tripled its stake. TechCrunch's coverage confirms both figures.

ElevenLabs generates about $600 million in annual recurring revenue, CEO Mati Staniszewski told TechCrunch in September 2026. ElevenLabs closed 2025 with over $330 million in ARR, according to CNBC, added about $100 million of net new ARR in the first quarter of 2026, and passed $500 million by May, per TechCrunch.

ElevenLabs' growth rate is easy to quantify. Going from $330 million to $600 million in ARR in about nine months means roughly $270 million of new recurring revenue, or about $30 million added every month in 2026.

Enterprise customers now drive most of ElevenLabs' revenue. ElevenLabs says enterprise accounts make up 55% of revenue, up from 40% a year earlier, and Staniszewski told TechCrunch the rest comes from small businesses, developers and creators. Meta and Salesforce build on ElevenLabs' voice infrastructure, per CNBC, and earlier research from Sacra estimated that 41 percent of Fortune 500 companies use the ElevenLabs platform in some form.

Two specific enterprise deployments illustrate the real scale ElevenLabs now operates at, concretely. Revolut deployed ElevenLabs Agents for customer support across the UK and Europe in January 2026. That covered more than 4 million customers. Time-to-resolution dropped by a reported 8 times, across more than 30 languages, according to Sacra's research on the company.

Klarna launched an ElevenLabs voice agent as first-line phone support for 35 million US customers in February 2026, and TechCrunch's September 2026 interview confirms the deployment is still running. Klarna reported up to 10 times faster resolution times. Other named ElevenLabs customers include the Washington Post, TIME, HarperCollins, Deutsche Telekom, and the Ukrainian government, spanning media, publishing, telecom and government.

Newer ElevenLabs deployments since February 2026 include Stripe, the insurer Admiral and the government of Greece, which have rolled out ElevenAgents, according to The Next Web. TechCrunch also names Cisco and Adobe as ElevenLabs customers, plus a Polish healthcare deployment that calls patients with appointment reminders in a system where 18% of bookings are otherwise missed. ElevenLabs voice agents now handle more than 15 million conversations a week, three times the February level, per The Next Web.

Yes, at least on paper. ElevenLabs closed a $300 million tender offer at a $22 billion valuation in late September 2026, The Next Web reported. Bloomberg first reported the talks in July, and the deal doubled ElevenLabs' February valuation in under eight months without the company raising new capital.

The ElevenLabs tender drew six first-time investors: EQT, Goldman Sachs, Singapore's GIC, Ontario Teachers' Pension Plan, Sapphire Ventures and BDT & MSD. Existing backers Andreessen Horowitz, Lightspeed and ICONIQ also took part. Because a tender is a secondary sale, the $300 million went to employees and existing shareholders selling stock, not to ElevenLabs itself.

ElevenLabs' total funding raised now exceeds 800 million dollars. That's across seven rounds, including a secondary share sale. Multiple independent trackers of the company's capitalization history confirm this figure. The company's valuation has grown roughly 111 times over. It started at 99 million dollars at its Series A, in June 2023. It reached 11 billion dollars by February 2026.

ElevenLabs' valuation multiple has stretched as the price doubled. At $11 billion, the February valuation equaled about 22 times the $500 million ARR the company reported that spring. At $22 billion against about $600 million in ARR, the September tender values ElevenLabs at roughly 37 times revenue. Put another way, investors paid about $37 for every $1 of annual recurring revenue ElevenLabs reported in September. That premium prices in years of fast growth, not current sales.

ElevenLabs has about 800 employees, according to the company's September 2026 announcement of its new CFO. That is roughly double the figure of about 400 that Sifted and other outlets cited as recently as July 2026. ElevenLabs does not publish a running headcount.

ElevenLabs' revenue per employee is about $750,000, based on roughly $600 million in ARR and about 800 staff. That is lower than the $1 million-plus implied when headcount was reported at 400, but still a strong ratio for a four-year-old company. TechCrunch notes ElevenLabs also relies on thousands of contract annotators who label training data, so its real labor base is larger than its payroll.

ElevenLabs builds far more than text-to-speech. The ElevenLabs platform covers voice cloning, multilingual AI dubbing, sound-effect generation, speech-to-text and ElevenAgents, its conversational voice agent product, used across customer service, publishing, gaming, and healthcare. For a side-by-side look at rival tools, see our guide to the best AI voice generators.

ElevenLabs' newest model is Eleven v4, launched September 28, 2026, alongside a low-latency Eleven v4 Turbo built for voice agents, according to Unite.AI. Both models support more than 90 languages, and ElevenLabs reports a median time to first speech of about 150 milliseconds for v4 Turbo in its own tests, a figure that has not been independently verified. The broader product mix matters for valuation: a pure text-to-speech company would face a much smaller market than a platform spanning voice, dubbing, agents and video.

ElevenLabs' investor list mixes top venture firms, asset managers and strategic corporate backers. The $500 million Series D included Nvidia, Wellington Management, Salesforce and D.E. Shaw & Co. In May 2026, TechCrunch reported that BlackRock, Schroders, Santander, KPN and Deutsche Telekom had also joined, along with Jamie Foxx, Eva Longoria and Hwang Dong-hyuk.

The earlier Series C round drew a different kind of strategic investor entirely. Deutsche Telekom. LG Technology Ventures. HubSpot Ventures. NTT DOCOMO Ventures. RingCentral Ventures. All of them participated. That mix of telecom, enterprise software, and media-adjacent strategic investors reflects ElevenLabs' real, cross-industry customer base. It's not just interest from traditional AI-focused venture funds.

ElevenLabs costs $0 on the Free plan and $6 to $990 a month on paid self-serve plans, according to the official ElevenLabs pricing page (checked November 1, 2026). Enterprise pricing is custom. Each ElevenLabs plan includes a monthly pool of credits for generating audio, and developers can also pay usage-based API rates. Our ElevenLabs pricing guide breaks down what each plan includes.

ElevenLabs was also showing first-month discounts on Starter ($1) and Creator ($11) on November 1, 2026; the regular prices are $6 and $22.

ElevenLabs' price math rewards scale only up to a point. Starter costs 20 cents per 1,000 credits and Creator about 18 cents, but Pro, Scale and Business all land near 16.5 cents, so moving past Pro buys more volume, seats and features rather than a cheaper unit rate. At the top end, enterprise voice-agent contracts reportedly reach up to $2 million each, according to analysis from Value Add VC, so revenue per ElevenLabs customer ranges from $6 a month to seven figures.

ElevenLabs was founded in 2022 by Mati Staniszewski and Piotr Dąbkowski. The company has priced itself across six funding rounds in roughly four years. That's an unusually rapid cadence, even within the current AI funding environment. Each primary round has roughly tripled the valuation of the one before it. Multiple independent trackers of the company's funding history confirm this same pattern.

ElevenLabs is building toward an IPO. In September 2026, ElevenLabs named Ethan Tandowsky, the former Adyen CFO who helped take Adyen public in 2018, as its chief financial officer. Staniszewski told Sifted the company wants to be ready for a possible listing in the next two to two and a half years, per The Next Web, while declining to confirm a reported 2028 target in his TechCrunch interview.

ElevenLabs' real business model runs across three distinct revenue streams. Consumer subscriptions. Per-character API pricing for developers. Enterprise voice-agent contracts that can reach up to 2 million dollars each, according to analysis from Value Add VC. This diversified structure is part of why revenue has scaled so quickly, alongside the company's valuation.

Competition in voice AI is real and intensifying. Deepgram raised $130 million at a $1.3 billion valuation in January 2026, per The Next Web, and Cartesia is chasing the same enterprise voice market. Decagon, which trained its voice product on ElevenLabs, now competes with it, TechCrunch reported. The major AI labs are also building voice into their own products. For context on how other generative AI leaders are growing, see our Runway AI statistics and Midjourney statistics, or our list of top AI startups in 2026.

For any business evaluating voice AI vendors, ElevenLabs' scale and enterprise track record are real, verifiable advantages right now. Whether that lead holds over the next year depends heavily on how quickly rivals close the capability gap, and how well ElevenLabs executes on its stated video and agent expansion.

ElevenLabs is now valued at $22 billion after a $300 million tender in September 2026, double its February Series D price. ElevenLabs revenue has reached about $600 million in ARR, more than 55% of it from enterprise customers, and headcount has grown to about 800. With Eleven v4 shipping, a former Adyen CFO on board and IPO readiness targeted within roughly two to two and a half years, ElevenLabs is the scale leader in voice AI, though Deepgram, Cartesia, Decagon and the big AI labs are pushing hard.

What is ElevenLabs' valuation?
ElevenLabs is valued at $22 billion after a $300 million tender offer led by Wellington Management and T. Rowe Price closed in late September 2026, according to The Next Web. That doubles the $11 billion valuation from its $500 million Series D in February 2026 and is nearly seven times its $3.3 billion valuation from January 2025.

How much revenue does ElevenLabs make?
ElevenLabs is at about $600 million in annual recurring revenue, CEO Mati Staniszewski told TechCrunch in September 2026. That is up from over $330 million at the end of 2025, and more than 55% now comes from enterprise customers.

How many employees does ElevenLabs have?
ElevenLabs has about 800 employees, according to its September 2026 announcement naming former Adyen CFO Ethan Tandowsky as finance chief. Based on about $600 million in ARR, that works out to roughly $750,000 in revenue per employee.

How much funding has ElevenLabs raised?
ElevenLabs' two latest primary rounds total $680 million: a $180 million Series C in January 2025 and a $500 million Series D led by Sequoia Capital in February 2026. ElevenLabs has also run employee tenders, including $100 million in September 2025 and $300 million in September 2026, but that money went to selling shareholders, not the company.

How much does ElevenLabs cost?
ElevenLabs has a Free plan, and paid plans cost $6 (Starter), $22 (Creator), $99 (Pro), $299 (Scale) and $990 (Business) per month, per its official pricing page on November 1, 2026. Enterprise pricing is custom.

By Sameer Khan

This article was AI-assisted, then reviewed by Sameer Khan before publishing.

Sameer Khan is the founder of AI Business Weekly. He has a background in research and advisory, working with HR leaders and executives across Canadian public-sector and enterprise organizations on research and AI adoption. He holds an MBA from the Ted Rogers School of Management and has spent nearly a decade in B2B sales across SaaS, research and advisory, and AI.