# ElevenLabs Valuation Doubles to $22B

> ElevenLabs valuation jumps to $22 billion, four times Suno's $5.4 billion post-money valuation.
- Title: ElevenLabs Valuation Doubles to $22B | Shortify
- Summary: ElevenLabs valuation jumps to $22 billion, four times Suno's $5.4 billion post-money valuation. ElevenLabs achieved $22 billion valuation after employee…
- Keywords: elevenlabs, suno, ai music, valuation, employee tender, series d, universalmusicgroup, believe, ai audio, conversational agents, revenue, music
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/elevenlabs-valuation-doubles-to-22b-four-times-that-of-ai-music-rival-suno
- Published: 2026-10-01T18:04:43+00:00
- Read time: 1 min
- Topics: elevenlabs, suno, ai music, valuation, employee tender, series d, universalmusicgroup, believe, ai audio, conversational agents, revenue, music
## 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
## Key takeaway

ElevenLabs achieved $22 billion valuation after employee tender offer, quadrupling its rival Suno's $5.4 billion valuation.