ElevenLabs is in early talks for a secondary sale valuing it at roughly $22B, per Bloomberg.
The tender would double its $11B Series D valuation from February 2026, without new capital.
The deal is expected to close by September, but terms remain preliminary.
ElevenLabs is holding early talks with investors over a secondary share sale that would value the London-based AI voice company at roughly $22 billion, according to a Bloomberg report citing people familiar with the matter. If it lands anywhere near that number, the company will have doubled its valuation in under five months without raising a single dollar of new capital.
The discussions are described as preliminary, with terms still subject to change, and the tender offer is expected to close by September. Unlike a funding round, a secondary sale of this kind lets existing shareholders, chiefly employees, sell stock to new or existing investors while the business itself keeps the cash it already has.
