From text-to-speech pioneer to enterprise voice platform, ElevenLabs is assembling a roster of investors as impressive as its growth numbers.
ElevenLabs, the British-headquartered AI voice startup founded by two Polish entrepreneurs, has completed the third close of its Series D funding round, adding Nvidia, BlackRock, and a constellation of celebrity investors — including actors Jamie Foxx and Eva Longoria — to its capitalization table.
The company announced a $500 million Series D in February, at a valuation of $11 billion. It has now raised more than $550 million in the round.
Institutional Weight, Star Power
New institutional investors include BlackRock, Wellington Management, D.E. Shaw, and Schroders. Nvidia’s venture arm, NVentures, and Santander have also joined the round. On the celebrity side, Foxx, Longoria, and Hwang Dong-hyuk — the creator of the global Netflix phenomenon Squid Game — are among more than 30 actors, musicians, athletes, and entertainment executives investing in ElevenLabs for the first time. They join existing backer Matthew McConaughey.
The company is backed by two of Silicon Valley’s most prominent venture firms, Sequoia Capital and Andreessen Horowitz.
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Revenue Momentum
ElevenLabs said it surpassed $500 million in annualized recurring revenue in the first quarter of 2026 — a significant acceleration from its year-end 2025 figure of $350 million. The company attributed the growth to enterprises deploying voice agents at scale across customer support, sales, hiring, and marketing operations.
Its client roster includes Meta, Salesforce, and Revolut.
Employees Cash In, Again
Alongside the funding announcement, ElevenLabs disclosed that it has completed a $100 million employee secondary share sale — its second such transaction in under a year, following an equivalent $100 million sale in September 2025. Secondary sales of this scale, executed in rapid succession, reflect both the company’s soaring private valuation and the demand from investors seeking exposure ahead of any potential public offering.
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A Broader Platform Play
ElevenLabs built its reputation on AI-powered text-to-speech technology that produces naturalistic, human-sounding voices. It has since expanded into dubbing, sound effects, and a suite of enterprise tools designed to help businesses deploy voice and conversational AI agents at scale.
The breadth of its latest investor group — spanning institutional asset managers, semiconductor giants, major banks, and Hollywood — suggests the company is positioning itself not merely as an AI tools vendor, but as foundational infrastructure for the next generation of human-machine interaction.
