ElevenLabs
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Investors
Founders
About
ElevenLabs is an AI audio research and deployment company co-founded in 2022 by Mati Staniszewski (ex-Palantir) and Piotr Dabkowski (ex-Google ML engineer), childhood friends from Poland who later studied at universities in the UK 12. The company’s AI models generate realistic speech synthesis, voice cloning, dubbing, and audio content in over 30 languages 3. ElevenLabs is headquartered in New York with offices in London and Warsaw, and had approximately 400 employees as of early 2026 45. The company closed 2025 with over $330 million in ARR 5.
Funding History
| Date | Round | Amount | Valuation | Lead | Co-investors |
|---|---|---|---|---|---|
| Jan 2023 | Pre-Seed | $2M | — | Credo Ventures | Concept Ventures, angel investors 6 |
| Jun 2023 | Series A | $19M | — | a16z, Nat Friedman, Daniel Gross | SV Angel, Creator Ventures, Concept Ventures, Credo Ventures; angels including Mike Krieger, Brendan Iribe, Mustafa Suleyman, Aravind Srinivas, Guillermo Rauch, Tim O’Reilly 78 |
| Jan 2024 | Series B | $80M | $1.1B | a16z, Nat Friedman, Daniel Gross | Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, Credo Ventures 910 |
| Sep 2025 | Strategic | Undisclosed | — | NVIDIA | — 11 |
| Jan 2025 | Series C | $180M | $3.3B | a16z, ICONIQ Growth | NEA, World Innovation Lab, Valor, Endeavor Catalyst, Lunate, Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, BroadLight Capital; strategic: Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, RingCentral Ventures 312 |
| Feb 2026 | Series D | $500M | $11B | Sequoia Capital | a16z, ICONIQ Growth, Lightspeed Venture Partners, Evantic Capital, BOND, BroadLight, NFDG, Valor Capital, AMP Coalition, Smash Capital 45 |
What Investors Say
“We are strong believers that generative AI tools will revolutionize the creative suite — unlocking more creativity by enabling professionals to produce more content with higher quality.” — Jennifer Li, Bryan Kim, and Justine Moore, a16z, Series A investment announcement 8.
“Mati and Piotr are exceptional founders and leaders. They have built ElevenLabs into one of the most successful and most impactful companies in the global AI ecosystem. From world-leading research to mind-bending creative tools to enterprise voice agents at scale, ElevenLabs is changing how people communicate and interface with technology, with organizations and institutions, and with each other.” — Andrew Reed, Partner at Sequoia Capital, on joining the board at Series D 13.
“We have observed ElevenLabs from its launch, and we were impressed by the quality of the technology, how quickly it ascended in terms of mindshare and momentum, and the depth of domain expertise of the founders.” — Seth Pierrepont, General Partner at ICONIQ Growth 12.
What Founders Say
“Speech is how we naturally communicate. This funding moves us closer to a world where digital interactions happen by voice — fluid, natural, and as effortless as a conversation.” — Mati Staniszewski, CEO & Co-Founder, on the Series C 12.
“There’s still so much to build. We stay hungry, knowing how early this space still is as we build toward IPO and beyond.” — Mati Staniszewski, CEO & Co-Founder, on the Series D 5.
“It’s such a good moment to cross that $10 billion mark and see the community, the customers, the partners and the team here together with so much energy and excitement for what’s ahead.” — Mati Staniszewski, CEO & Co-Founder 14.
Sources
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Sifted, “Voice AI startup ElevenLabs raises $19m from a16z, Nat Friedman and Daniel Gross,” June 2023. https://sifted.eu/articles/elevenlabs-raise-a16z↩
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Sifted, “ElevenLabs’ Mati Staniszewski on tackling deepfakes, working with Disney and raising $101m in two years,” 2024. https://sifted.eu/articles/elevenlabs-mati-staniszewski-brunch-sifted↩
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TechCrunch, “ElevenLabs, the hot AI audio startup, confirms $180M in Series C funding at a $3.3B valuation,” January 30, 2025. https://techcrunch.com/2025/01/30/elevenlabs-raises-180-million-in-series-c-funding-at-3-3-billion-valuation/↩↩
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Sifted, “ElevenLabs raises $500m Series D led by Sequoia,” February 2026. https://sifted.eu/articles/elevenlabs-raises-500m-series-d-led-by-sequoia↩↩
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TechCrunch, “ElevenLabs raises $500M from Sequoia at an $11 billion valuation,” February 4, 2026. https://techcrunch.com/2026/02/04/elevenlabs-raises-500m-from-sequioia-at-a-11-billion-valuation/↩↩↩↩
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Nordic 9, “ElevenLabs raised a $2m pre-seed round led by Czech VC Credo Ventures,” January 2023. https://nordic9.com/news/elevenlabs-raised-a-2m-pre-seed-round-led-by-czech-vc-credo-ventures/↩
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Concept Ventures, “ElevenLabs Series-A Co-led by A16Z and Nat Friedman & Daniel Gross,” June 2023. https://concept.vc/news/elevenlabs-raises-19m-series-a↩
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Andreessen Horowitz, “Investing in ElevenLabs,” June 2023. https://a16z.com/announcement/investing-in-elevenlabs/↩↩
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Fortune, “Another AI unicorn? $80 million Series B led by Andreessen Horowitz yields $1.1 billion valuation,” January 22, 2024. https://fortune.com/2024/01/22/ai-unicorn-andreesen-horowitz-eleven-labs-venture-capital-series-b-tech/↩
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Concept Ventures, “ElevenLabs — Pre-Seed to Unicorn in 18 Months Raising from Sequoia & A16Z,” January 2024. https://concept.vc/news/elevenlabs-reaches-unicorn-following-80m-raise↩
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Music Business Worldwide, “ElevenLabs secures NVIDIA investment,” September 2025. https://www.musicbusinessworldwide.com/ai-audio-startup-elevenlabs-a-rival-to-suno-just-secured-strategic-investment-from-the-worlds-most-valuable-company-nvidia/↩
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The Recursive, “Polish ElevenLabs Enters 2025 With Blasting Series C and 25+ Open Positions,” January 2025. https://therecursive.com/polish-elevenlabs-series-c-funding-round-open-positions/↩↩↩
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Andrew Reed on X, Sequoia led the ElevenLabs Series D, February 2026. https://x.com/andrew__reed/status/2019058658714247649↩
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Mati Staniszewski on LinkedIn via Seb Johnson, on crossing $10B valuation, February 2026. https://www.linkedin.com/posts/seb-johnson_mati-staniszewski-co-founder-at-elevenlabs-activity-7438977323116331008-Wl7U↩