TREE NEWS update: London-based AI voice startup ElevenLabs saw its valuation double to $22 billion after existing investors and employees sold $300 million in shares, in a deal led by Wellington Management and T. Rowe Price. The transaction, reported on September 30, values the realistic speech-generation company near France’s Mistral, which raised €3 billion this month at a €21 billion valuation.
ElevenLabs Valuation Doubles to $22B in $300M Share Sale
The signal here is the mechanism, not the headline number: a secondary share sale that doubles a private valuation, led by large public-market asset managers rather than a strategic acquirer. That suggests institutional appetite for AI infrastructure is being expressed through late-stage private exposure, and that employees and early backers are taking liquidity without a new primary raise. The comparison to Mistral's raise frames European AI as a two-horse valuation story. Whether this secondary-driven mark holds, and whether more of these deals follow, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.