Overview
- Reports from Bloomberg, relayed in recent coverage, say ElevenLabs is negotiating a secondary tender offer that would imply a roughly $22 billion valuation for the private company.
- The tender would not raise new capital for ElevenLabs but would let employees and early investors sell shares to new buyers and create a fresh private-market benchmark.
- ElevenLabs closed a $500 million Series D led by Sequoia in February 2026 that valued the company at about $11 billion and included participation from BlackRock, NVIDIA, a16z, and ICONIQ.
- The valuation jump follows rapid private-market re-pricings over the past two years and comes as the company is reported to have passed roughly $500 million in annual recurring revenue.
- If the tender closes it could speed private liquidity for staff, influence any future IPO pricing, and signal investor appetite for AI voice technology, but the $22 billion figure remains reported and not yet fully corroborated.