Voice AI startup ElevenLabs announced today that it’s allowing employees to cash out a portion of their vested equity at a $22 billion valuation, doubling the $11 billion valuation the company hit when it raised $500 million in February.

The recent $300 million tender offer gave employees an opportunity to sell their shares to investors. The transaction was co-led by Wellington and T. Rowe Price, large institutional investors who back private companies with the intention of retaining the stock after the company goes public.

The offering is part of a growing trend among fast-growing AI startups that use employee liquidity as a retention tool to prevent staff from leaving for competitors.

This is the second time the four-year-old ElevenLabs has authorized a secondary transaction for employees. The company previously held a $100 million tender at a $6.6 billion valuation in September 2025.

Founded in 2022, the company is known for generating ultra-realistic human voices and sound effects. With its new valuation, New York- and London-based ElevenLabs joins the ranks of Europe’s most valuable startups.

","freeContentEncoded","textContent","published","strategy","curl-ready","locked","deletedAt","isSyncedFromOwnBlog","original","duplicatesCount",0,"duplicateVersion","originalArticleId","errorsCount","appearance","color","backgroundColor","shortSummary","Employees at AI startup ElevenLabs can now cash in their shares at a massive $22 billion valuation!","summary","Voice AI startup ElevenLabs has announced employees can cash out vested equity at a $22 billion valuation, doubling its previous $11 billion valuation from February. The $300 million tender offer, co-led by Wellington and T. Rowe Price, allows employees to sell shares to investors. This move follows a trend of AI startups using employee liquidity as a retention strategy and is ElevenLabs' second such transaction.","bullets",[382,383,384,385,386],"persons",[],"places",[380,381],"words",180,"sentiment",4.5,"subject","tech","meta",{"_341":342,"_343":344,"_345":346},"eventId","c9cf62dc6f2260986cae81819c946e6bd1c79adc5f048a514eb9d08cc20e2ef9","nostrRootEvent","event",{"_24":276,"_306":329,"_149":95,"_202":330,"_310":311,"_236":331,"_313":332},"authorNPub","markdown","Voice AI startup [ElevenLabs](https://elevenlabs.io/) announced today that it’s allowing employees to cash out a portion of their vested equity at a $22 billion valuation, [doubling](https://techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation/) the $11 billion valuation the company hit when it raised $500 million in February.\n\nThe recent $300 million tender offer gave employees an opportunity to sell their shares to investors. The transaction was co-led by Wellington and T. Rowe Price, large institutional investors who back private companies with the intention of retaining the stock after the company goes public.\n\nThe offering is part of a [growing trend](https://techcrunch.com/2026/02/05/secondary-sales-shift-from-founder-windfalls-to-employee-retention-tools/) among fast-growing AI startups that use employee liquidity as a retention tool to prevent staff from leaving for competitors.\n\nThis is the second time the four-year-old ElevenLabs has authorized a secondary transaction for employees. The company previously held a $100 million tender at a [$6.6 billion](https://elevenlabs.io/blog/announcing-an-employee-tender) valuation in September 2025.\n\nFounded in 2022, the company is known for generating ultra-realistic human voices and sound effects. With its new valuation, New York- and London-based ElevenLabs joins the ranks of Europe’s most valuable startups.","freeMarkdown","kind1EventId","kind30023EventId","fd6b2ad39b876d385494d3014c19132e65c4c4c5d03c1e05962ced1fa898e682","kind30023",{"_24":286,"_306":307,"_149":308,"_202":309,"_310":311,"_236":312,"_313":314},"publishedToNostr","htmlContentKind30023","

The offering is part of a growing trend among fast-growing AI startups that use employee liquidity as a retention tool to prevent staff from leaving for competitors.

","pubDate",["D",1790792637000],"modifiedAt",["D",1790794081000],["D",1790794157710],["D",1790794281161],"storyId","tweets",[],"localization","likes","zaps","reposts","comments","sig","abeef17394d0ba5b3dadb47ea55274727c7809fd8cc5df7f75adc383f4b037cb8a0961b7cb0ebe44b355596f27a2e186a625a22324773d02e3be23de473b1bfe",30023,[315,316,317,318,319,320,321,322],"pubkey","22a173d042acd0b75a45b80787fe1771dcbe171c8934cb343af7b219865595d5","Voice AI startup ElevenLabs has announced employees can cash out vested equity at a $22 billion valuation, doubling its previous $11 billion valuation from February. The $300 million tender offer, co-led by Wellington and T. Rowe Price, allows employees to sell shares to investors. This move follows a trend of AI startups using employee liquidity as a retention strategy and is ElevenLabs' second such transaction.\n - ElevenLabs' valuation has doubled to $22 billion.\n - Employees can cash out a portion of their vested equity.\n - A $300 million tender offer was co-led by Wellington and T. Rowe Price.\n - This employee liquidity offering serves as a retention tool.\n - This is ElevenLabs' second secondary transaction for employees.\nhttps://foxvector.com/articles/1ff5988d-85a6-429c-87e9-12538baa1708","created_at",1790792637,[327,328],[36,222],[325,326],[40,229],[324,217],[259,223],[323,48],[153,311,48],"client","d","published_at","1790792637","r","https://foxvector.com/articles/1ff5988d-85a6-429c-87e9-12538baa1708","a8ddc105f2da733bfa70c1a0f69f0ae33b06e1aff7d44a0fe4c66094a9b7e30ab87da57f447eebe05d5abf6fe4bd87bcfaa1d2d7f2463bf37a0f75b25a02f3ff",[333,334,335,336,337],"AI voice startup ElevenLabs doubles valuation to $22B\nThe $300 million employee tender was co-led by Wellington and T. Rowe Price.\n\n\nnostr:naddr1qvzqqqr4gupzqg4pw0gy9txskadytwq8sllpwuwuhct3ezf5ev6r4aajrxr9t9w4qqjrzenxx5unswry95ur2cfk956rywtr95urwefe95cnydfn8p3xzcf3xucrs6rrmsk ",1790794157,[271,222],[40,229],[338,339,48,340],[323,48],[153,311,48],"a","30023:22a173d042acd0b75a45b80787fe1771dcbe171c8934cb343af7b219865595d5:1ff5988d-85a6-429c-87e9-12538baa1708","mention","type","bee:get-index-of-articles","schedule",{"_24":347,"_47":-5,"_348":349,"_202":-5,"_350":351,"_352":95,"_353":346,"_354":12,"_151":91,"_271":48,"_355":-5,"_356":-5,"_357":-5,"_358":91,"_243":244,"_359":360,"_51":361,"_362":363,"_364":12,"_365":366,"_53":367,"_368":-5,"_369":91,"_204":170,"_370":371,"_372":-5,"_373":374,"_375":-5,"_376":377,"_378":-5,"_379":-5},"dataSourceUrl","https://techcrunch.com/category/artificial-intelligence/","6730bc49-70a5-4fe7-88a2-0c9cc7a575b0","npub","npub1y2sh85zz4ngtwkj9hqrc0lshw8wtu9cu3y6vkdp677epnpj4jh2s2ep9xl","jobId","b4f99069-c96a-4ba5-9e8e-3b5c13f3199f","order","rssUrl","system","userRef","xHandle","xUserId","autosign","syncedAt",["D",1764765139596],["D",1764765139596],"frequency","hourly","isOwnBlog","nextRunAt",["D",1790794142526],["D",1790783343091],"xUserName","autopublish","sourceVariant","rss","systemVariant","scheduleVariant","scraping-bee-classic-proxy","retryArticlesIds","frequencyMultiplier",3,"xUserProfilePicture","ownershipConfirmedAt","New York","London","ElevenLabs' valuation has doubled to $22 billion.","Employees can cash out a portion of their vested equity.","A $300 million tender offer was co-led by Wellington and T. Rowe Price.","This employee liquidity offering serves as a retention tool.","This is ElevenLabs' second secondary transaction for employees.","userSubscription","theme","light","currentUser","currentUserVersion2","currentPath","/fr/articles/1ff5988d-85a6-429c-87e9-12538baa1708","customDomain","defaultLocale",[162,163,164,165,166,167],"domainPrimaryAccentColor","relays",[429,430,431,432,433,434,435,436,437,438],"plans",[414],[169,170],"isDomainOwner","userInterfaceLanguage","session",{"_199":-5,"_410":12,"_411":412,"_76":396},"locale","sessionNpub","sessionPublicKey","isAdmin","rights",{"_413":12},"owner",{"_24":415,"_416":417,"_38":418,"_419":420,"_421":422,"_423":424,"_425":250,"_426":91,"_51":427,"_53":428},"4503bcf3-ec1e-4216-8282-c16fabab0c38","name","Basic Plan","Stay informed with essential updates delivered straight to your inbox. ","price","0.00","currency","USD","billingInterval","monthly","trialDays","isActive",["D",1764765056591],["D",1764765056591],"wss://articles.layer3.news","wss://nostr.bitcoiner.social","wss://purplepag.es","wss://relaypag.es","wss://temp.iris.to","wss://nostr-01.yakihonne.com","wss://relay.nostr.net","wss://nos.lol","wss://relay.damus.io","wss://relay.primal.net"]