ElevenLabs Raises $180M Series C at $3.3bn Valuation
Deal News | Jan 30, 2025 | rlc ventures
In a significant funding milestone, ElevenLabs has closed a $180 million Series C funding round, which positions the company at a valuation of $3.3 billion. Supported initially by Concept Ventures in a pre-seed round, this leading AI research entity focuses on voice technology and has made substantial advancements in AI-generated content. ElevenLabs, which has expanded its workforce from 30 to 120 employees over the past year, continues to enhance its offerings, such as their Conversational AI tool, which has been instrumental in the development of over 250,000 AI agents. The technology is employed by a wide array of users, including Fortune 500 companies, across multiple industries. Their mission is to make audio content accessible globally in any voice and language. Future plans, backed by the Series C funding, involve enhancing voice AI capabilities and expanding their reach globally. Concept Ventures commends ElevenLabs' successful journey and invites ambitious new founders to connect with them for potential backing.
Sectors
- Artificial Intelligence
- Venture Capital
- Audio and Media Technology
Geography
- Global – ElevenLabs operates across multiple global hubs including London, New York, and Warsaw and serves clients worldwide.
- United Kingdom – ElevenLabs has a key operational hub in London, reflecting its significant presence and business activities in the UK.
- United States – With an operational hub in New York, ElevenLabs has a strong foothold in the US as it expands its global reach.
- Poland – ElevenLabs also operates out of Warsaw, signifying its operational and strategic engagements in Poland.
Industry
- Artificial Intelligence – ElevenLabs specializes in AI-based solutions, particularly in the field of voice technology and AI-enabled conversational tools.
- Venture Capital – Concept Ventures, a venture capital firm, has been actively involved in the funding and development of ElevenLabs since its pre-seed round.
- Audio and Media Technology – ElevenLabs develops tools for speech generation and audio content creation, relevant to media and content production industries.
Financials
- $180 million – The Series C funding amount raised by ElevenLabs.
- $3.3 billion – The valuation of ElevenLabs following the Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ElevenLabs | Target Company | Companies | An AI research company focused on developing comprehensive audio AI platforms, specializing in natural voice generation technologies. |
| Concept Ventures | Investor | Companies | The venture capital firm that was the first backer of ElevenLabs, supporting it from the pre-seed stage. |
| RLC Ventures | Private Equity Firm | Companies | A private equity firm that is currently supporting ElevenLabs through its funding rounds. |
| Mati Staniszewski | CEO | People | The CEO of ElevenLabs, overseeing the company's strategic direction in voice AI innovation. |
| Bridging Voice | Collaborative Organization | Charity | An organization collaborating with ElevenLabs to provide voice AI solutions to individuals with ALS. |
| The Scott Morgan Foundation | Collaborative Organization | Charity | Partnered with ElevenLabs to offer AI-powered voice aids to individuals with speech impairments. |