Key Highlights
- ElevenLabs is valued at $6.6 billion, doubling its $3.3 billion mark from January 2025.
- Annualized recurring revenue jumped from $100M to $200M in 10 months, with a $300M target by the end of the year.
- Tender offer allows staff to sell up to $100M in stock, led by Sequoia Capital and Iconiq Growth.
ElevenLabs has demonstrated extraordinary financial performance over the past year. In October 2024, the company reported $100 million in annualized recurring revenue.
By mid-2025, recurring revenue had doubled to $200 million, according to CEO Mati Staniszewski, with ambitions to hit $300 million by year-end.
ElevenLabs AI startup, co-founded by Piotr Dabkowski (ex-Google) and Staniszewski (ex-Palantir), has scaled aggressively, growing its workforce from 77 employees in 2024 to 331 in 2025.
This rapid hiring reflects ElevenLabs’ determination to capture global demand for AI-powered voice technologies.
Strategic Backing
ElevenLabs’ valuation 2025 of $6.6 billion is supported by world-class investors. Sequoia Capital and Iconiq Growth are leading the tender offer, with continued participation from Andreessen Horowitz and others.
The deal enables ElevenLabs staff with over a year of tenure to sell part of their holdings, providing liquidity while allowing institutional investors to increase their stakes. Such dual outcomes strengthen both employee retention and long-term capital stability, a key advantage in the competitive AI talent market.
Market Dynamics
The move reflects a broader race for talent in artificial intelligence, where startups are increasingly offering stock sale opportunities to retain top engineers and researchers.
By facilitating employee liquidity, ElevenLabs reinforces its position as an employer of choice in a hypercompetitive sector.
The voice cloning AI market itself is scaling rapidly, with ElevenLabs at the forefront thanks to its cutting-edge models and enterprise adoption. The company’s momentum echoes larger AI industry trends, including reports of OpenAI’s potential $500 billion valuation stock sale, further showcasing global investor appetite.
Investment Thesis
For investors, ElevenLabs represents a rare combination of hypergrowth, technical depth, and elite venture capital support. The company’s ability to double valuation and annualized recurring revenue in under a year demonstrates its scalability and market positioning.
With a $6.6B valuation backed by strong institutional support and a clear pathway to $300M in annualized recurring revenue, ElevenLabs offers a compelling growth narrative within the generative AI ecosystem.
ElevenLabs’ employee stock sale underscores its financial strength, market traction, and investor confidence.
With rapid revenue growth, an expanding global team, and robust institutional support, the company is not just participating in the AI wave, it is shaping the future of generative audio technologies.
For investors and industry watchers alike, ElevenLabs’ rise represents a landmark moment in AI innovation, where financial momentum, talent retention, and disruptive technology converge.