ElevenLabs revenue and valuation
Specter estimates ElevenLabs' annual revenue at $600M to $1.02B and its valuation at $18.3B to $26.4B. The company last reported $600M ARR in July 2026 and was priced at $22B in September 2026.
- Estimated revenue
- $600M–$1.02B
- Estimated valuation
- $18.3B–$26.4B
- Reported ARR
- $600M
- Total funding
- $1.24B
- Founded
- 2022
- Headquarters
- London, United Kingdom
- Employees
- 1,515
ElevenLabs revenue
ElevenLabs grew from $200M ARR in September 2025 to $600M in July 2026. Specter's model puts current ARR between $600M and $1.02B, anchored to five reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $780M | $600M | $1.02B | ||
| $760M | $600M | $950M | ||
| $740M | $600M | $920M | ||
| $600M | $500M | $720M | $600M | |
| $550M | $440M | $690M | ||
| $500M | $420M | $600M | $500M | |
| $440M | $340M | $560M | ||
| $380M | $310M | $460M | ||
| $330M | $270M | $400M | ||
| $330M | $270M | $400M | ||
| $310M | $260M | $380M | $330M | |
| $193M | $161M | $230M | ||
| $196M | $160M | $240M | ||
| $200M | $166M | $240M | $200M | |
| $186M | $135M | $260M | ||
| $173M | $118M | $250M | ||
| $161M | $108M | $240M | ||
| $150M | $95M | $240M | ||
| $139M | $92M | $210M | ||
| $129M | $94M | $177M | ||
| $120M | $87M | $167M | ||
| $112M | $86M | $146M | ||
| $104M | $84M | $129M | ||
| $97M | $79M | $118M | ||
| $90M | $75M | $108M | ||
| $46M | $24M | $68M | ||
| $62M | $25M | $99M | ||
| $59M | $40M | $79M | ||
| $52M | $34M | $70M |
ElevenLabs valuation
ElevenLabs' valuation rose from $99M at its Series A in June 2023 to $11B at its Series D in February 2026. A September 2026 secondary sale priced it at $22B. Specter's live estimate sits between $18.3B and $26.4B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $22B | $18.3B | $26.4B | $22B (press) | |
| $22B | $18.3B | $26.4B | $22B (round) | |
| $11B | $9.15B | $13.2B | $11B (press) | |
| $11B | $9.11B | $13.3B | ||
| $11B | $9.15B | $13.2B | $11B (press) | |
| $11B | $9.15B | $13.2B | $11B (press) | |
| $11B | $9.15B | $13.2B | $11B (press) | |
| $11B | $9.15B | $13.2B | $11B (press) | |
| $11B | $9.15B | $13.2B | $11B (round) | |
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.6B | $5.44B | $8.01B | ||
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $4.54B | $3.69B | $5.59B | ||
| $3.12B | $2.58B | $3.79B | ||
| $2.15B | $1.79B | $2.58B | $2.15B (press) | |
| $3.3B | $2.74B | $3.97B | $3.3B (press) | |
| $3.3B | $2.75B | $3.95B | ||
| $3.3B | $2.75B | $3.97B | ||
| $3.3B | $2.74B | $3.97B | $3.3B (press) | |
| $3.3B | $2.74B | $3.97B | $3.3B (round) | |
| $4.67B | $3.76B | $5.79B | ||
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $5.46B | $3.38B | $8.83B | ||
| $4.53B | $2.62B | $7.82B | ||
| $3.75B | $2.38B | $5.91B | ||
| $3.1B | $2.25B | $4.29B | ||
| $2.57B | $1.89B | $3.5B |
ElevenLabs funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Secondary | $300M | $22B | T. Rowe Price, Wellington Management | |
| Secondary | $100M | Undisclosed | Undisclosed | |
| Series D | $561M | $11B | Sequoia Capital | |
| Funding round | Undisclosed | Undisclosed | Matthew McConaughey | |
| Corporate round | Undisclosed | Undisclosed | NVIDIA | |
| Series C | $180M | $3.3B | ICONIQ Growth, Andreessen Horowitz | |
| Non-equity assistance | Undisclosed | Undisclosed | Disney Accelerator | |
| Series B | $80M | $1B | Nat Friedman, Andreessen Horowitz, Daniel Gross | |
| Series A | $19M | $99M | Andreessen Horowitz, Daniel Gross, Nat Friedman | |
| Pre-Seed | $2M | Undisclosed | Credo Ventures |
ElevenLabs competitors
Voice AI providers compete by balancing synthetic fidelity against low-latency agent performance.
| Company | Revenue | Valuation |
|---|---|---|
| $600M–$1.02B | $18.3B–$26.4B | |
| $80M–$119M | $1.04B–$1.63B | |
| $2.7M–$17M | $53M–$195M | |
| $2.5M–$18M | $135M–$350M | |
| $11M–$57M | $102M–$620M |
ElevenLabs revenue and valuation FAQ
What is ElevenLabs' revenue?
Specter estimates ElevenLabs' annual recurring revenue at $600M to $1.02B as of October 2026. ElevenLabs last reported $600M ARR in July 2026, up from $200M in September 2025.
What is ElevenLabs' valuation?
ElevenLabs' latest post-money valuation is $22B, from a September 2026 secondary sale. Its last primary round was a $561M Series D at $11B in February 2026, led by Sequoia Capital. Specter's live estimate is $18.3B to $26.4B.
What is ElevenLabs' revenue multiple?
ElevenLabs is valued at about 36.7× ARR, based on its $22B September 2026 valuation and $600M last reported ARR. That works out to roughly $396K of ARR per employee.
How much funding has ElevenLabs raised?
$1.24B across 10 rounds, from a $2M Pre-Seed in January 2023 to a $300M Secondary in September 2026.
Who invested in ElevenLabs?
71 investors, including ICONIQ Growth, Matthew McConaughey, NVIDIA, Sequoia Capital, T. Rowe Price and Wellington Management.
Who are ElevenLabs' competitors?
Deepgram, Play, Rime and Deepdub. Specter ranks 30 competitors for ElevenLabs.