ElevenLabs has raised $500M Series D at an $11B valuation. ElevenLabs closed 2025 with over $330 million in ARR, driven by rapid enterprise adoption by companies like Deutsche Telekom, Square, the Ukrainian Government, and Revolut for customer support, conversational commerce, citizen engagement, internal training, and inbound sales.

This $500 million funding round values ElevenLabs at $11 billion, more than 3x its valuation one year ago. The round was led by Sequoia Capital, with Andrew Reed joining the board, with A16Z quadrupling down and ICONIQ tripling down.

New investors Lightspeed Venture Partners, Evantic Capital, BOND are joining the round to help the company go deeper & quicker. Existing investors- BroadLight, NFDG, Valor Capital, AMP Coalition and Smash Capital are also continuing their support along with additional investor participation expected to be disclosed later in February.