ElevenLabs raises $500M from Sequioia at a $11 billion valuation
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,…
