ElevenLabs Doubles Valuation to $22B Through $300M Employee Tender Offer

Voice AI startup ElevenLabs announced a $300 million employee tender offer at a $22 billion valuation, doubling its $11 billion valuation from February. The deal was co-led by Wellington and T. Rowe Price, marking the company's second secondary sale for staff. The move reflects a growing trend among fast-growing AI startups using employee liquidity as a retention tool.