- Updated: February 4, 2026
- 4 min read
Eleven Labs Secures $500M Funding, Valued at $11B – A Deep Dive
Image Credits:ElevenLabs Venture ElevenLabs raises $500M from Sequioia at a $11 billion valuation Ivan Mehta 7:33 AM PST · February 4, 2026 Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup’s last secondary round through a tender. Sequoia partner Andrew Reed is joining the company’s board. The startup is now valued at $11 billion, more than three times its valuation in its last round in January 2025.Earlier in the year, the Financial Times reported that the startup was looking to raise at that valuation. The company said that existing investor a16z quadrupled its investment amount, and ICONIQ, which led the last round, tripled it. Some prior investors, like BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital, also joined the round. New investors for the funding included Lightspeed Venture Partners, EvanticCapital, BOND.ElevenLabs said that it will disclose some investors later in February, which might be strategic partners. The company has raised over $781 million to date. It said that it will use the funding for research and product development, along with expansion in international markets like India, Japan, Singapore, Brazil, and Mexico. The company’s co-founder, Mati Staniszewski, indicated that ElevenLabs might work on agents beyond voice and incorporate video.In January, the company announced a partnership with LTX to produce audio-to-video content. “The intersection of models and products is critical – and our team has proven, time and again, how to translate research into real-world experiences. This funding helps us go beyond voice alone to transform how we interact with technology altogether.We plan to expand our Creative offering – helping creators combine our best-in-class audio with video and Agents – enabling businesses to build agents that can talk, type, and take action,” he said in a statement. The company has seen good growth momentum as it closed the year at $330 million ARR. In an interview with Bloomberg earlier this year, Staniszewski said that it took ElevenLabs five months to reach from $200 million to $300 million in ARR.Voice AI model providers are an attractive target for investors and big tech companies. In January, rival Deepgram raised $130 million from AVP at a $1.3 billion valuation. Meanwhile, Google hired top talent from voice model company Hume AI, including CEO Alan Cowen. Topics AI, ElevenLabs, sequia capital, Startups, TC, Venture, voice AI Ivan Mehta Ivan covers global consumer tech developments at TechCrunch.He is based out of India and has previously worked at publications including Huffington Post and The Next Web. You can contact or verify outreach from Ivan by emailing im@ivanmehta.com or via encrypted message at ivan.42 on Signal. View Bio October 13-15 San Francisco, CA Tickets are live at the lowest rates of the year. Save up to $680 on your pass now.Meet investors. Discover your next portfolio company.Hear from 250+ tech leaders, dive into 200+ sessions, and explore 300+ startups building what’s next. Don’t miss these one-time savings.REGISTER NOW Most Popular Fintech CEO and Forbes 30 Under 30 alum has been charged for alleged fraud Lucas Ropek Notepad++ says Chinese government hackers hijacked its software updates for months Zack Whittaker Meet the new European unicorns of 2026 Anna Heim Nvidia CEO pushes back against report that his company’s $100B OpenAI investment has stalled Anthony Ha OpenClaw’s AI assistants are now building their own social network Anna Heim Elon Musk’s SpaceX, Tesla, and xAI in talks to merge, according to reports Amanda Silberling Kirsten Korosec Waymo robotaxi hits a child near an elementary school in Santa Monica Sean O’Kane Loading the next article Error loading the next article