ElevenLabs has doubled its valuation to $22 billion through a share sale that allowed current employees and investors to sell about $300 million of stock to Wellington Management and T. Rowe Price, alongside new investment from EQT and Goldman Sachs. The deal values the combined stakes of Polish co-founders Mati Staniszewski and Piotr Dąbkowski at almost £5 billion; each is understood to own around 15% of the company. Founded in 2022, the British AI voice startup was valued at $11 billion in February after raising $500 million. It develops realistic synthetic voices, text-to-speech and voice-cloning tools, translated audio, sound effects and AI voice agents operating in more than 90 languages. The company has expanded to more than 800 employees across London, New York and Warsaw, with customers including Revolut and Klarna and investors including Matthew McConaughey. Its agents handle more than 15 million conversations weekly, while annual recurring revenue reached approximately $600 million in late 2026, according to the existing company account. Staniszewski said the company was seeing rapid adoption of expressive voice agents by enterprises and governments, while the broader funding surge has lifted other London-based AI startups including Ineffable and Synthesia.