ElevenLabs employee tender

An employee share sale

ElevenLabs is allowing employees to sell a portion of their vested equity in a $300 million tender offer priced at a $22 billion company valuation, TechCrunch reports. Wellington and T. Rowe Price co-led the transaction. The valuation is twice the $11 billion figure associated with ElevenLabs’ February financing, according to the report. This is a secondary transaction that lets existing holders sell shares; the reported $300 million is not a new primary funding round for the company.

What the price signals

TechCrunch says ElevenLabs previously offered a $100 million employee tender at a $6.6 billion valuation in September 2025. The higher current price indicates investor appetite for shares in the voice AI company, but a tender valuation does not itself measure revenue, profitability or future public-market value. The reviewed report does not provide those operating figures. ElevenLabs remains known for AI-generated speech and sound effects, while this announcement concerns employee liquidity rather than a new model release.