Story perspectives

ElevenLabs Completes $300 Million Tender, Valued $22 Billion

By Drooid · Sep 30, 2026, 10:39 PM UTC · How we work

Summary

Story summary

ElevenLabs completed a $300 million employee tender offer, valuing the company at $22 billion.
Wellington and T. Rowe Price co-led the tender, drawing investors EQT and Goldman Sachs.
Enterprise customers account for 55 percent of ElevenLabs’ revenue as its ElevenAgents platform expands.
ElevenAgents handle more than 15 million conversations each week, three times February’s level.
Seven journalists, voice actors and podcasters filed an Illinois class-action alleging unlawful biometric voiceprint use.

History

Historical Context

Illinois passed the Biometric Information Privacy Act on Oct 3 2008, the first law demanding consent for fingerprint or voiceprint collection and setting $1,000-$5,000 damages per violation. After settlements like a $1.5 million class action in 2016 and a $650 million Facebook deal in 2021, ElevenLabs’ 2024 $300 million financing now faces an Illinois class action over alleged unauthorized voiceprint use, exposing it to multi-million penalties.

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Story summary

ElevenLabs completed a $300 million employee tender offer, valuing the company at $22 billion.
Wellington and T. Rowe Price co-led the tender, drawing investors EQT and Goldman Sachs.
Enterprise customers account for 55 percent of ElevenLabs’ revenue as its ElevenAgents platform expands.
ElevenAgents handle more than 15 million conversations each week, three times February’s level.
Seven journalists, voice actors and podcasters filed an Illinois class-action alleging unlawful biometric voiceprint use.

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