HeyGen revenue and valuation
Specter estimates HeyGen's annual revenue at $141M to $270M and its valuation at $350M to $1.85B. The company last reported $200M ARR in June 2026 and was priced at $500M in March 2024.
- Estimated revenue
- $141M–$270M
- Estimated valuation
- $350M–$1.85B
- Reported ARR
- $200M
- Total funding
- $69M
- Founded
- 2020
- Headquarters
- Los Angeles, United States
- Employees
- 473
HeyGen revenue
HeyGen grew from $100M ARR in October 2025 to $200M in June 2026. Specter's model puts current ARR between $141M and $270M, anchored to two reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $196M | $141M | $270M | ||
| $200M | $148M | $270M | ||
| $200M | $152M | $270M | ||
| $197M | $156M | $250M | ||
| $200M | $166M | $240M | $200M | |
| $183M | $119M | $280M | ||
| $168M | $105M | $270M | ||
| $154M | $100M | $240M | ||
| $141M | $97M | $210M | ||
| $130M | $92M | $184M | ||
| $119M | $89M | $160M | ||
| $109M | $86M | $138M | ||
| $100M | $83M | $120M | $100M | |
| $94M | $42M | $210M | ||
| $88M | $40M | $190M | ||
| $82M | $39M | $172M | ||
| $77M | $37M | $159M | ||
| $72M | $36M | $145M | ||
| $67M | $37M | $122M | ||
| $63M | $39M | $103M | ||
| $59M | $39M | $90M | ||
| $55M | $38M | $82M | ||
| $52M | $36M | $75M | ||
| $49M | $36M | $65M | ||
| $46M | $34M | $61M | ||
| $43M | $34M | $54M | ||
| $40M | $31M | $51M | ||
| $37M | $30M | $46M | ||
| $35M | $29M | $42M |
| Date | Reported ARR | Source |
|---|---|---|
| $200M | ||
| $100M |
HeyGen valuation
HeyGen was valued at $500M at its Series A in March 2024. Specter's live estimate sits between $350M and $1.85B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $800M | $350M | $1.85B | ||
| $640M | $300M | $1.35B | ||
| $630M | $300M | $1.33B | ||
| $660M | $310M | $1.43B | ||
| $780M | $350M | $1.72B | ||
| $790M | $360M | $1.71B | ||
| $750M | $350M | $1.6B | ||
| $700M | $340M | $1.44B | ||
| $670M | $300M | $1.49B | ||
| $640M | $290M | $1.38B | ||
| $660M | $300M | $1.46B | ||
| $660M | $290M | $1.5B | ||
| $670M | $290M | $1.55B | ||
| $550M | $240M | $1.24B | ||
| $530M | $250M | $1.12B | ||
| $510M | $230M | $1.1B | ||
| $510M | $230M | $1.12B | ||
| $490M | $220M | $1.07B | ||
| $500M | $250M | $990M | ||
| $490M | $250M | $970M | ||
| $490M | $260M | $930M | ||
| $500M | $270M | $910M | ||
| $520M | $290M | $920M | ||
| $510M | $300M | $880M | ||
| $500M | $300M | $830M | ||
| $500M | $360M | $690M | ||
| $500M | $370M | $680M | ||
| $500M | $390M | $630M | ||
| $500M | $400M | $630M |
HeyGen funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series A | $60M | $500M | Benchmark | |
| Seed | $9M | Undisclosed | Undisclosed |
HeyGen competitors
The AI video market divides into creative production versus personalized interaction.
| Company | Revenue | Valuation |
|---|---|---|
| $141M–$270M | $350M–$1.85B | |
| $126M–$340M | $3.73B–$5.6B | |
| $13M–$35M | $96M–$420M | |
| $1.9M–$9.5M | $24M–$98M | |
| $32M–$65M | $128M–$710M |
HeyGen revenue and valuation FAQ
What is HeyGen's revenue?
Specter estimates HeyGen's annual recurring revenue at $141M to $270M as of October 2026. HeyGen last reported $200M ARR in June 2026, up from $100M in October 2025.
What is HeyGen's valuation?
HeyGen's latest post-money valuation is $500M, from a March 2024 Series A. Specter's live estimate is $350M to $1.85B.
How much funding has HeyGen raised?
$69M across two rounds, from a $9M Seed in November 2022 to a $60M Series A in March 2024.
Who invested in HeyGen?
9 investors, including Aviv Nevo, Benchmark, Bond, Conviction VC, Dylan Field and Elad Gil.
Who are HeyGen's competitors?
Synthesia, D-ID, Colossyan and AKOOL. Specter ranks 29 competitors for HeyGen.