ElevenLabs has successfully closed a $500 million Series D funding round led by Sequoia Capital, skyrocketing its valuation to $11 billion and tripling its 2025 market position.

ElevenLabs, the industry leader in human-like voice synthesis and conversational AI, has announced the successful closure of a $500 million Series D funding round. Led by Sequoia Capital, with participation from Andreessen Horowitz, ICONIQ Growth, and Lightspeed Venture Partners, the capital injection elevates the company's valuation to a staggering $11 billion.

The funding follows an exceptional fiscal year 2025, where ElevenLabs reported over $330 million in annual recurring revenue (ARR), fueled by enterprise-scale adoption from global giants like Deutsche Telekom and high-growth platforms like Revolut. Andrew Reed, a partner at Sequoia, will join the board of directors as the company prepares for its next phase of global expansion.

The proprietary 'ElevenMusic' and 'ElevenAgents' platforms are set for massive infrastructure upgrades. ElevenLabs plans to leverage the new capital to expand its research capabilities and deploy locally embedded go-to-market teams in fourteen global hubs, including London, San Francisco, Tokyo, and Seoul. Internal sources suggest the company is now actively preparing for a potential IPO in early 2027 as it aims to double its ARR within the current fiscal year.