COMPANY INFO
ElevenLabs Inc. is a private artificial intelligence company founded in 2022 by Piotr Dąbkowski and Mati Staniszewski. Based in New York City, the company specializes in AI voice synthesis software that creates natural-sounding speech and sound effects using deep learning, with around 120 employees. Their technology enables realistic, contextually-aware speech generation for applications such as audiobooks, media localization, and accessibility tools, aiming to make content universally accessible in any language and voice.
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ElevenLabs Inc. is a leading artificial intelligence company founded in 2022 by Piotr Dąbkowski and Mati Staniszewski. Headquartered in New York City, ElevenLabs specializes in AI voice synthesis software that produces highly natural-sounding speech and sound effects using deep learning. The company’s technology is used in applications ranging from audiobooks and media localization to accessibility tools, aiming to make content universally accessible in any language and voice. ElevenLabs operates globally, with offices in San Francisco, London, Berlin, Tokyo, Sydney, Paris, Toronto, Singapore, and Dubai.
Since its inception, ElevenLabs funding has been marked by remarkable growth and investor interest. The company has raised a total of $281 million across five funding rounds, including a notable $180 million Series C round in January 2025 that valued the business at $3.3 billion. ElevenLabs investors include top venture capital firms such as Andreessen Horowitz (a16z), ICONIQ Growth, Sequoia Capital, and New Enterprise Associates (NEA). Its funding strategy has focused on swift scaling, product innovation, and capturing the global AI audio market, achieving a threefold valuation increase from Series B to Series C within a year. ElevenLabs venture capital backing underpins its leadership in AI voice synthesis and continued global expansion.
The Series C round raised $180 million, co-led by Andreessen Horowitz and ICONIQ Growth, to further advance ElevenLabs’ AI audio technology, expand research, develop new products, and support business development. This round supported significant scaling and global reach.
ElevenLabs secured $80 million in Series B funding primarily to scale operations and enhance its AI capabilities. The round was led by Andreessen Horowitz, with notable participation from Sequoia Capital and others, to accelerate market expansion.
The Series A round of $19 million, led by a16z, Nat Friedman, and Daniel Gross, supported product development and team growth as ElevenLabs began entering the market.
Seed funding of $2 million, sourced from Credo Ventures, Concept Ventures, and Peter Czaban, was used for the initial launch and development of the company’s groundbreaking AI audio models.
In February 2024, ElevenLabs received non-equity strategic support from the Disney Accelerator to leverage industry connections and mentorship.
A leading venture capital firm known for backing transformative technology startups, Andreessen Horowitz has participated in multiple ElevenLabs funding rounds, playing a pivotal role in the company’s growth and product roadmap.
As a top-tier growth equity investor, ICONIQ Growth co-led the Series C round, supporting ElevenLabs’ global scaling and technological innovation.
With a strong reputation for funding AI pioneers, Sequoia Capital invested in both Series B and Series C rounds, backing ElevenLabs’ advancements in voice technology.
NEA, one of the world’s largest venture capital firms, joined the Series C round, contributing to ElevenLabs' venture capital pool for research and scaling.
WiL invests in disruptive tech companies and joined the Series C to help fuel ElevenLabs' international market entry.
Prominent angel investors, Nat Friedman and Daniel Gross, participated in early and later rounds, bringing entrepreneurial expertise and AI industry connections.
These early-stage funds were crucial ElevenLabs investors in the seed round, enabling the company’s initial product development and launch.
Salesforce Ventures joined the Series C round, adding strategic backing for go-to-market and enterprise integrations.
These investors contributed across various rounds, supporting ElevenLabs’ funding rounds and boosting the company’s influence in the AI and audio markets.
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"totalRaised": "ElevenLabs has raised a total of $281 million across 5 funding rounds since its founding in 2022. The latest funding was a $180 million Series C round in January 2025, which valued the company at $3.3 billion. Key investors include Andreessen Horowitz (a16z), ICONIQ Growth, Sequoia Capital, New Enterprise Associates (NEA), World Innovation Lab, Valor Equity Partners, Endeavor Catalyst Fund, Lunate, Salesforce Ventures, Smash Capital, SV Angel, BroadLight Capital, Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures.\n\nDetailed breakdown of funding rounds:\n\n1. Seed Round (January 25, 2023): $2 million raised from Credo Ventures, Concept Ventures, and Peter Czaban. Purpose: Initial launch and early development.\n\n2. Series A (May 17, 2023): $19 million raised led by Andreessen Horowitz (a16z), with participation from Nat Friedman, Daniel Gross, Creator Ventures, SV Angel, Mike Krieger, Brendan Iribe, Mustafa Suleyman, Tim O’Reilly, Guillermo Rauch, Credo Ventures, Concept Ventures, and others. Purpose: Product development and market entry.\n\n3. Series B (January 22, 2024): $80 million raised led by Andreessen Horowitz (a16z), with participation from Nat Friedman, Daniel Gross, Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, Credo Ventures, and others. Purpose: Market expansion and scaling.\n\n4. Series C (January 26, 2025): $180 million raised co-led by Andreessen Horowitz (a16z) and ICONIQ Growth, with additional investors including NEA, World Innovation Lab, Valor Equity Partners, Endeavor Catalyst Fund, Lunate, Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, BroadLight Capital, Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures. Purpose: Advancing AI audio technology, expanding research, developing new products, and business development.\n\n5. Series C Follow-up (June 18, 2025): Undisclosed amount raised from KPN Ventures. Purpose: Strategic investment to support ongoing growth.\n\nElevenLabs has shown rapid growth and increasing valuation, with a threefold valuation increase from Series B to Series C within a year. The funding supports its leadership in AI voice synthesis technology, product innovation, and global market expansion."
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