ElevenLabs in Talks for Employee Share Sale at About $22 Billion

AI voice startup ElevenLabs has entered early-stage talks with investors over a secondary share sale (tender offer) for employees at a valuation of roughly $22 billion, according to reports on July 2, 2026. That figure would double the $11 billion valuation set just months earlier in its February 2026 funding round. People familiar with the matter say the discussions are still at an early stage and terms could change, with the tender offer itself expected to take place by September. The aim is to provide employees with liquidity for their shares (an employee liquidity event). report