Funding round
ElevenLabs Growth
Reported as "Growth Equity"
ElevenLabs, which works in AI audio technology development in London, raised $300M in a Growth round announced on 30 Sep 2026, led by Wellington Management and T. Rowe Price, at a $22.00B post-money valuation. 15 firms took part, 5 of them already investors. It is ElevenLabs' sixth venture round on record; the one before was a Series D in Feb 2026.
$300M
Amount raised
$22.00B
Post-money valuation
$21.70B pre-money
15
Investors
2 leads
2.0x
Step-up from the Series D
$11.00B in Feb 2026
1.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ElevenLabs at $22.00B after the new money, 2.0 times the $11.00B of its Series D (Feb 2026). The $300M bought investors about 1.4% of the company. It came 7 months after ElevenLabs' Series D. It is 28% of the $1.08B ElevenLabs has raised in the venture rounds on record. No later venture round is on record for ElevenLabs.
ElevenLabs' funding rounds
ElevenLabs has 6 venture rounds on record. This one is highlighted.
- Pre-seed 23 Jan 2023, led by Credo Ventures $2.0M
- Series A 20 Jun 2023, led by Andreessen Horowitz, Nat Friedman and Daniel Gross $19M
- Series B 22 Jan 2024, led by Andreessen Horowitz, Nat Friedman and Daniel Gross $80M$1.10B post-money
- Series C 30 Jan 2025, led by Andreessen Horowitz and ICONIQ Growth $180M$3.30B post-money
- Series D 4 Feb 2026, led by Sequoia Capital $500M$11.00B post-money
- Growth this round 30 Sep 2026, led by Wellington Management and T. Rowe Price $300M$22.00B post-money
Investors
Who put money in
Wellington Management and T. Rowe Price led the round with 13 other firms. Wellington Management, T. Rowe Price, Andreessen Horowitz and Lightspeed and 1 more had backed ElevenLabs before.
Lead investors
- Wellington Management existing investor
- T. Rowe Price existing investor
Also in the round
- EQT backs 99 venture-backed companies new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- BDT & MSD Partners backs 25 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Lightspeed existing investor
- ICONIQ existing investor
- backs 20 venture-backed companies new investor
- Evantic new investor
- backs 15 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring and scaling operations.
- Hiring
- Scaling operations
Comparable rounds
How it compares
241 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Motive Tech Companies | 10 Sep 2026 | $1.30B | not disclosed | General Catalyst |
| Motive Tech Companies | 10 Sep 2026 | $1.30B | not disclosed | General Catalyst |
| Harvey Tech Companies | 9 Sep 2026 | $550M | $15.50B | Diffusion Capital Partners and Lightspeed Venture Partners |
| EliseAI Tech Companies | 29 Sep 2026 | $350M | $4.00B | Andreessen Horowitz and Bessemer Venture Partners |
| Tech Companies | 1 Sep 2026 | $261M | not disclosed | not named |
| Tech Companies | 9 Sep 2026 | $250M | $1.00B | Andreessen Horowitz and Founders Fund |
| HiBob Tech Companies | 1 Sep 2026 | $166M | $3.20B | Salesforce Ventures |
| Tech Companies | 23 Sep 2026 | $150M | $2.00B | Multiples |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ElevenLabs raise in its Growth round?
ElevenLabs raised $300M in its Growth round, announced in Sep 2026.
Who led ElevenLabs' Growth round?
Wellington Management and T. Rowe Price led it, with EQT, Goldman Sachs, GIC, Ontario Teachers’ Pension Plan and Sapphire Ventures and 8 more.
What was ElevenLabs' valuation at the Growth round?
$22.00B post-money ($21.70B pre-money).
How does it compare with other Growth rounds in Tech Companies?
241 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.