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Business Series D funding

ElevenLabs Raises $500M Series D, Valued at $11B

Analysis based on 11 articles · First reported Feb 04, 2026 · Last updated Feb 05, 2026

Sentiment
70
Attention
4
Articles
11
Market Impact
Direct
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The successful Series D funding round for ElevenLabs, valuing it at $11 billion, signals strong investor confidence in the generative AI sector, particularly in AI audio. This event is likely to attract more investment into AI startups and intensify competition among firms developing conversational interfaces and audio models, potentially driving innovation and market growth.

Artificial intelligence Venture capital Software

ElevenLabs, an AI audio company, announced a successful Series D funding round, raising $500 million and tripling its valuation to $11 billion. The round was led by Sequoia Capital, with partner Andrew Reed joining the board. Existing investors Andreessen Horowitz and Iconiq Capital significantly increased their stakes, while new investors like Lightspeed Venture Partners, Evantic Capital, and BOND also participated. The company plans to use the fresh capital for extensive research and product development, including expanding beyond voice into video and agents, and for aggressive international expansion into 14 cities worldwide. ElevenLabs also announced major upgrades to its voice agents, enhancing response times and expressiveness. The company, co-founded by Mati Staniszewski and Piotr Dąbkowski, reported over $330 million in annual recurring revenue for 2025, driven by growing enterprise adoption from clients such as Deutsche Telekom, Square, Revolut, the Ukrainian government, Duolingo, Nvidia, and Time. ElevenLabs aims for a future public listing.

100 ElevenLabs raised Series D funding
90 Sequoia Capital led funding round ElevenLabs
70 Andrew Reed joined board of directors ElevenLabs
70 ElevenLabs plans international expansion
60 Andreessen Horowitz quadrupled investment ElevenLabs
60 Iconiq Capital tripled investment ElevenLabs
60 ElevenLabs announced major upgrade to voice agents
40 Lightspeed Venture Partners invested in funding round ElevenLabs
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ElevenLabs successfully raised $500 million in a Series D funding round, tripling its valuation to $11 billion. This significant capital injection will fuel its research, product development, and international expansion, positioning it as a key player in the AI audio market. The company also announced major upgrades to its voice agents and plans for a future public listing.
Importance 100 Sentiment 90
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Sequoia Capital led the Series D funding round for ElevenLabs, demonstrating confidence in the AI audio company's growth potential. Andrew Reed, a partner at Sequoia Capital, joined the board of ElevenLabs, further solidifying their involvement and influence.
Importance 90 Sentiment 70
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Mati Staniszewski, co-founder of ElevenLabs, highlighted the company's plans to expand beyond voice into video and agents, aiming to transform human interaction with technology. His vision is central to ElevenLabs's future product development and market strategy.
Importance 90 Sentiment 80
per
Piotr Dąbkowski, co-founder of ElevenLabs, emphasized the company's evolution from human-like voice development to foundational models across the entire audio spectrum. His leadership in research is crucial for ElevenLabs's technological advancements and product offerings.
Importance 90 Sentiment 80
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Andrew Reed, a partner at Sequoia Capital, joined the board of ElevenLabs following Sequoia Capital's lead investment in the Series D funding round. His involvement signifies Sequoia Capital's strategic interest in ElevenLabs's future direction.
Importance 70 Sentiment 60
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Andreessen Horowitz (a16z), an existing investor in ElevenLabs, quadrupled its investment in the Series D funding round. This increased stake reflects continued confidence in ElevenLabs's market position and future prospects.
Importance 60 Sentiment 50
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Iconiq Capital, which led ElevenLabs's previous funding round, tripled its investment in the Series D round. This continued and increased commitment underscores their belief in ElevenLabs's trajectory and success.
Importance 60 Sentiment 50
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Block, Inc. related ElevenLabs
Revolut related ElevenLabs
Ukraine related ElevenLabs
Duolingo related ElevenLabs
Nvidia related ElevenLabs
Time related ElevenLabs
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