ElevenLabs Secures $500M in Series D Funding, Valued at $11B

ElevenLabs has successfully raised $500 million in its Series D funding round, resulting in a valuation of $11 billion. The company concluded 2025 with an impressive revenue of over $330 million in ARR, largely attributed to the swift adoption by major enterprises such as Deutsche Telekom, Square, the Ukrainian Government, and Revolut.

Their solutions have been instrumental in various areas including customer support, conversational commerce, citizen engagement, internal training, and inbound sales. Notably, this latest funding round has significantly increased ElevenLabs' valuation, marking a threefold growth compared to the previous year. Sequoia Capital spearheaded the round, with Andrew Reed securing a position on the board.

A16Z and ICONIQ also exhibited confidence in the company, quadrupling and tripling down respectively. Moreover, new investors including Lightspeed Venture Partners, Evantic Capital, and BOND have joined the round to further propel ElevenLabs' expansion. Existing investors such as BroadLight, NFDG, Valor Capital, AMP Coalition, and Smash Capital continue to show their support, with additional investor involvement anticipated to be revealed later this month.