ElevenLabs lists BlackRock, Jamie Foxx, and Eva Longoria as new investors

2026-05-05 · Source: TechCrunch · Field: Finance & Economics — Capital Markets & Investment Management, Entrepreneurship & Start-ups, FinTech & Digital Financial Services · Depth: Fundamental Awareness, quick

Summary

Voice AI company ElevenLabs announced new investors participating in its $500 million Series D fundraise, initially revealed in February at an $11 billion valuation. New institutional investors include BlackRock, Wellington, D.E. Shaw, and Schroders, alongside enterprises like Nvidia, Salesforce Ventures, Santander, KPN, and Deutsche Telekom. Individual investors such as Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk also joined. The company reported surpassing $500 million in annual recurring revenue (ARR), up from nearly $350 million last year, and added $100 million in net new ARR in Q1 2026, reaching approximately $450 million. ElevenLabs also completed a $100 million tender offer and plans to offer retail investment opportunities via Robinhood Ventures. The firm recently acquired the team from Polish voice AI startup Papla to enhance its research capabilities.

Key takeaway

For investors evaluating high-growth AI companies, ElevenLabs' rapid ARR growth to over $500 million, coupled with its $11 billion valuation and strategic enterprise partnerships, signals strong market traction and investor confidence. Your due diligence should consider its ability to maintain this growth trajectory and successfully integrate acquired talent, especially as it expands into retail investment opportunities.

Key insights

ElevenLabs secured significant investment, achieved rapid revenue growth, and expanded its valuation and research capabilities.

Principles

• Human-level AI voice models build consumer trust.
• Voice is a high-stakes channel for customer interaction.

In practice

• Integrate voice-as-a-service for customer interactions.
• Explore multilingual automation for business processes.

Topics

• ElevenLabs
• Voice AI
• Series D Fundraise
• Annual Recurring Revenue
• Valuation

Best for: Investor, Entrepreneur, Tech Journalist

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Editorial summary, takeaway, and curation by AIssential. Original article published by TechCrunch.