From Music Business Worldwide · · 1m 10s
ElevenLabs Valuation Doubles to $22B
ElevenLabs valuation jumps to $22 billion, four times Suno's $5.4 billion post-money valuation.
In brief
ElevenLabs valuation jumps to $22 billion, four times Suno's $5.4 billion post-money valuation. ElevenLabs achieved $22 billion valuation after employee tender offer, quadrupling its rival Suno's $5.4 billion valuation. Originally reported by Music Business Worldwide.
ElevenLabs Valuation
ElevenLabs completed a $300 million employee tender offer at a $22 billion valuation, double its February $11 billion Series D valuation.
Investors Join Tender
Wellington and T. Rowe Price led the tender, with GIC and EQT already holding music business positions.
Rival Valuation
Suno's $5.4 billion post-money valuation in June is less than a quarter of ElevenLabs' $22 billion valuation.
Employee Tender Details
ElevenLabs' third employee tender since September 2025 follows $100 million offers at $6.6 billion and $11 billion valuations.
Enterprise Growth
ElevenLabs reports 55% of revenue from enterprise customers and 15 million weekly conversations on ElevenAgents.
AI Music Expansion
ElevenLabs launched AI song generation in August 2025 with licensing from Merlin and Kobalt, adding Believe and Universal Music Group deals.
Leadership Statement
Co-founder Mati Staniszewski said AI should interact with people the way we do, ensuring widespread adoption and shared benefits.
“AI should interact with people the way we interact with each other”
Here's the gist
ElevenLabs achieved $22 billion valuation after employee tender offer, quadrupling its rival Suno's $5.4 billion valuation.
