On January 30, 2025, ElevenLabs announced that it has raised $180 million in a Series C funding round to make speech the new standard for digital interaction. The round was co-led by a16z and ICONIQ Growth, with additional new investors NEA, World Innovation Lab (WiL), Valor, Endeavor Catalyst Fund, and Lunate. Existing investors Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, and BroadLight Capital are also increasing their support. The company is further partnering with strategic investors, including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures. Wilson Sonsini Goodrich & Rosati advised ElevenLabs on the Series C transaction.

This latest funding values ElevenLabs at $3.3 billion, tripling its valuation from one year prior, and brings its total funding to $281 million across four rounds since its founding in 2022. The proceeds from the Series C will drive the next stage of AI audio, supporting research into more expressive and controllable voice AI, expanding tools for developers and businesses scaling globally, and strengthening AI safety. 

The Wilson Sonsini team that advised ElevenLabs on the transaction includes Mark Baudler, Jocqui Kaup, Angela Loc, Peter Bratton, Jun Hyung Lee, James Power, and Michelle Geller.

For more information, please see ElevenLabs’ blog post. Additional coverage is available on TechCrunch.