On September 30, 2026, ElevenLabs, a voice technology research company, announced the closing of a $300 million employee tender offer that values the company at $22 billion, doubling its valuation at its Series D financing in February 2026. The tender offer was led by Wellington and T. Rowe Price, with participation from new investors BDT & MSD, EQT, GIC, Goldman Sachs, OTPP, and Sapphire Ventures, as well as existing investors including Alkeon, Andreessen Horowitz, D.E. Shaw, DISRUPTIVE, Evantic, ICONIQ, and Lightspeed. Wilson Sonsini Goodrich & Rosati advised Elevenlabs on the transaction.

The Wilson Sonsini Goodrich & Rosati team that advised ElevenLabs on the transaction included Mark Baudler, Jocqui Kaup, Sunny (Shweta) Kumar, and Terence Desouza.

For more information, please see ElevenLabs’ news release. Additional coverage can be found on TechCrunch.