ElevenLabs Discloses Full Series D Roster as ARR Clears $500 Million
ElevenLabs names all $500M Series D investors — BlackRock, NVIDIA, and celebrity backers among them — as the voice AI startup confirms crossing $500M in annual recurring revenue.
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The full roster of ElevenLabs’ $500 million Series D is now public, revealing an unusually diverse mix of asset managers and entertainment figures — a sign that voice AI has moved well beyond a niche developer tool. The disclosure coincides with confirmation that the startup has crossed $500 million in annual recurring revenue.
Two ARR Milestones Worth Keeping Separate
ElevenLabs ended 2025 at roughly $350 million in annual recurring revenue. By the close of Q1 2026, CEO Mati Staniszewski reported the figure had reached approximately $450 million — about 29% growth within the quarter. The company subsequently crossed $500 million in ARR in the weeks following quarter-end, a distinct second milestone that should not be collapsed with Q1’s result.
A Series D That Spans Three Investor Categories
According to TechCrunch AI, the round — originally announced in February — attracted three distinct backer profiles. Institutional money came from major asset managers including Schroders, BlackRock, D.E. Shaw, and Wellington Management, reflecting financial-market conviction that voice AI is a durable asset class. On the strategic side, NVIDIA, Salesforce, and several European telecom and banking groups contributed as both capital and distribution partners.
A third cohort attracted the most attention: entertainment figures. Actor Jamie Foxx and director Eva Longoria each joined the round, as did Korean filmmaker Hwang Dong-hyuk, internationally recognized for creating Squid Game. Their presence signals ElevenLabs’ consumer-brand ambitions beyond its developer-API origins.
Enterprise Contracts Power the Revenue Engine
TechCrunch AI reports that Klarna, Revolut, and Deutsche Telekom signed enterprise agreements with ElevenLabs last quarter. T. Capital Managing Director Karine Peters cited the platform’s potential for voice-driven customer automation at multilingual scale as Deutsche Telekom’s core rationale. ElevenLabs additionally wrapped up a $100 million tender offer — its second such liquidity event in about six months — and announced plans for a retail investor program through Robinhood Ventures.
Why This Matters
Between September and February, ElevenLabs’ valuation surged from $6.6 billion to $11 billion — a 67% gain in under five months. Combined with a revenue base now above $500 million ARR, this positions the company as a leading infrastructure play in the current AI cycle. A Series D that spans sovereign-scale asset managers, global enterprises, and entertainment figures suggests the market is pricing voice AI as a horizontal platform, not a point solution. The key question: whether the enterprise pipeline driving Q1 growth can compound at scale.
Frequently Asked Questions
What is ElevenLabs' current annual recurring revenue?
ElevenLabs has surpassed $500 million in ARR as of mid-2026, after ending Q1 2026 at approximately $450 million — up roughly 29% from the $350 million figure recorded at year-end 2025.
Who invested in ElevenLabs' $500 million Series D?
The round includes institutional asset managers (BlackRock, Wellington Management, D.E. Shaw, Schroders), strategic corporate backers (NVIDIA, Salesforce, Deutsche Telekom, Santander, KPN), and individual investors including Jamie Foxx, Eva Longoria, and Hwang Dong-hyuk.