Eleven Labs Stock: Can You Buy It, What’s It Worth, and When Might It IPO?

Last updated: May 30, 2026

Quick Answer: ElevenLabs is not publicly traded in 2026, so there is no eleven labs stock available on any major stock exchange. The company closed a $500 million Series D round in early 2026 at an $11 billion valuation [7], and shares trade only on private secondary markets at prices that often carry a premium above that round’s pricing [2][3]. An IPO has not been officially announced, though industry observers expect one could happen within the next 12 to 24 months.

Key Takeaways

• No public stock exists. ElevenLabs remains a private company. You cannot buy eleven labs stock on the NYSE, Nasdaq, or any public exchange.
• $11 billion valuation. The February 2026 Series D set the company’s valuation at $11 billion, up from roughly $3 billion in early 2025 [6][7].
• Secondary market access. Platforms like Hiive and Forge Global list ElevenLabs shares for accredited investors, often at a 15-30% premium over the last funding round price [2][3].
• Revenue is growing fast. Reports indicate ElevenLabs crossed $100 million in annualized recurring revenue (ARR) before the Series D, with strong growth from its API and subscription products [9].
• Profitability is unclear. The company has not disclosed whether it’s profitable, though its spending on AI compute and R&D is substantial.
• IPO timing is speculative. No official IPO date has been set. Most analyst commentary points to a potential listing in late 2026 or 2027.
• Key investors include Andreessen Horowitz, NEA, and others who participated in multiple funding rounds [9].
• Competition is real. Amazon, Google, Microsoft, and startups like Resemble AI and PlayHT all operate in the AI voice space.

Is ElevenLabs Publicly Traded?

No. As of May 2026, ElevenLabs is a private company. It has no ticker symbol, and eleven labs stock does not trade on any public exchange.

The company was founded in 2022 by Piotr Dabkowski and Mati Staniszewski, both former Google engineers. It’s incorporated as a UK-based entity, though it operates globally [10]. Because it’s private, the only way to access shares is through private secondary markets, which come with significant restrictions and risks.

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What Company Owns ElevenLabs?

ElevenLabs is an independent company. No larger corporation owns it. It’s backed by venture capital firms, but the founders and early employees retain significant ownership.

Key investors from the Series D and earlier rounds include:

• Andreessen Horowitz (a16z) — led or co-led multiple rounds
• NEA (New Enterprise Associates)
• Sequoia Capital
• Various strategic angels from the AI and tech sectors [9][6]

The company’s board structure hasn’t been publicly disclosed in detail, but the co-founders maintain operational control.

Eleven Labs Stock Price Today: What Do Secondary Markets Show?

There is no official eleven labs stock price because the company isn’t public. However, secondary market platforms provide indicative pricing based on actual trades between private shareholders and accredited buyers.

These premiums fluctuate based on demand, IPO speculation, and the company’s latest revenue figures. In early 2026, after the Series D closed at $11 billion, secondary market prices reportedly reflected valuations above that mark [2][3]. Staff members have also sold shares on secondary markets, with Yahoo Finance reporting employee share sales at elevated prices [5].

Common mistake: Treating secondary market prices as equivalent to a public stock price. Private share transactions are illiquid, have limited price discovery, and often involve transfer restrictions. The “price” you see on these platforms is an ask or a recent trade, not a continuously quoted market price.

How to Buy Eleven Labs Stock

You can’t buy eleven labs stock through a standard brokerage account. Here’s what you can do instead:

1. Verify accredited investor status. In the US, this typically means a net worth above $1 million (excluding primary residence) or annual income above $200,000 for two consecutive years.
2. Create accounts on secondary platforms. Register on Hiive [2], Forge Global [3], or UpMarket [4]. Each platform has its own verification process.
3. Browse available lots. Sellers (often employees or early investors) list share blocks. Pricing, lot size, and terms vary.
4. Conduct due diligence. Review whatever financial information is available. Private companies disclose far less than public ones.
5. Complete the transaction. The platform facilitates the transfer, which typically requires company approval (a right of first refusal or board consent).

Choose this route if: You’re an accredited investor comfortable with illiquidity, limited information, and the possibility that shares could lose value before any IPO.

Avoid this route if: You need liquidity, can’t afford to lose the investment, or aren’t comfortable with the lack of public financial disclosures.

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Eleven Labs IPO Date: When Could It Happen?

No official IPO date has been announced. ElevenLabs leadership has not publicly committed to a specific timeline.

That said, several signals suggest an IPO could come relatively soon:

• The $11 billion valuation puts ElevenLabs in the range where IPOs become practical and attractive for investors seeking exits [7].
• Revenue growth trajectory reportedly accelerated through 2025 and into 2026, which is the kind of momentum underwriters look for.
• Market conditions in 2026 have been more favorable for tech IPOs than the 2022-2023 period.
• Bloomberg and CNBC commentary from Q1 2026 positioned ElevenLabs as one of several AI companies likely to test public markets.

Most informed speculation points to late 2026 or 2027 as the earliest realistic window. But IPO timelines are notoriously unpredictable, and the company could delay if market conditions shift or if it decides to raise another private round instead.

How Does ElevenLabs Make Money?

ElevenLabs generates revenue through a subscription SaaS model and an API platform. Its core product is AI-powered voice synthesis, which converts text to highly realistic speech.

Revenue streams include:

• Subscription plans: Individual and team plans ranging from free tiers to enterprise pricing, used by content creators, podcasters, and businesses.
• API access: Developers pay based on usage (characters processed) to integrate ElevenLabs voice generation into their own apps and products.
• Enterprise contracts: Custom deployments for media companies, audiobook publishers, gaming studios, and customer service platforms.
• New product lines: The company has expanded into voice cloning, dubbing, and an AI audio platform called “Projects” for long-form content [9].

The API business is particularly important because it creates recurring, usage-based revenue that scales with customer growth. If you’re building AI-powered web experiences, our guide to integrating AI chatbots into WordPress covers a related integration pattern.

Is ElevenLabs Profitable?

ElevenLabs has not publicly confirmed profitability. Based on available information, the company is likely still investing heavily in growth, AI model training, and infrastructure, which typically means operating at a loss.

The $500 million raised in the Series D [7] suggests the company has substantial runway. AI companies at this stage usually prioritize market share and product development over near-term profitability. The key metric investors watch is revenue growth rate, not bottom-line profit.

Edge case to consider: Some AI startups reach cash-flow breakeven faster than expected because their marginal costs (API calls, compute) decrease as models become more efficient. ElevenLabs could surprise on profitability if its compute costs drop meaningfully.

ElevenLabs Valuation Compared to Other AI Startups

At $11 billion, ElevenLabs sits among the most valuable private AI companies globally. Here’s how it compares:

ElevenLabs’ valuation reflects its dominant position in AI voice specifically. It’s smaller than the general-purpose AI giants but significantly larger than other voice-focused competitors [6][10]. TechFundingNews noted it’s positioned to become one of the UK’s top AI companies by valuation [10].

Who Are ElevenLabs’ Main Competitors?

ElevenLabs competes with both startups and tech giants in the AI voice space.

Direct competitors:

• Resemble AI — voice cloning and synthesis
• PlayHT — text-to-speech platform
• WellSaid Labs — enterprise voice AI
• Murf AI — voiceover generation

Big tech competitors:

• Amazon Polly (AWS) — cloud text-to-speech
• Google Cloud Text-to-Speech — part of Google Cloud
• Microsoft Azure Speech — enterprise speech services
• Meta’s Voicebox — research-stage voice AI

ElevenLabs’ advantage has been voice quality and naturalness. Independent comparisons consistently rank its output as more human-sounding than most alternatives. But big tech companies have massive distribution advantages and can bundle voice AI into existing cloud platforms at lower marginal cost.

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Pros and Cons of Investing in Eleven Labs Stock

Pros:

• Market leader in AI voice synthesis with strong brand recognition
• Revenue growing rapidly, reportedly past $100M ARR
• Large and expanding total addressable market (audiobooks, dubbing, gaming, customer service, accessibility)
• Strong investor syndicate (a16z, NEA, Sequoia) provides credibility and follow-on support
• Product quality consistently rated above competitors

Cons:

• No public financial statements, so due diligence is limited
• Secondary market shares are illiquid and may carry significant premiums
• AI voice technology faces regulatory scrutiny around deepfakes and misuse
• Big tech competitors could erode market share with bundled offerings
• $11 billion valuation prices in a lot of future growth, leaving less upside if growth slows
• No guaranteed IPO timeline

Risks of Investing in AI Voice Technology Companies

Investing in AI voice companies like ElevenLabs carries specific risks beyond normal startup risk:

• Regulatory risk: Governments are increasingly focused on AI-generated content. The EU AI Act and proposed US legislation could impose restrictions on synthetic voice technology, affecting revenue.
• Deepfake liability: Voice cloning technology can be misused for fraud or impersonation. Companies in this space face reputational and legal exposure.
• Commoditization: As open-source voice models improve, the premium for proprietary solutions could shrink.
• Compute costs: Training and running large AI models is expensive. Margins depend on continued improvements in efficiency.
• Concentration risk: If a single platform (like YouTube or a major publisher) changes its policies on AI-generated audio, it could affect a large portion of ElevenLabs’ user base.

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What Do Investors Say About ElevenLabs?

Investor sentiment around ElevenLabs has been strongly positive, driven by the company’s growth rate and market position.

Institutional research from firms like Sacra and NEA has highlighted ElevenLabs’ ability to capture a large share of the AI voice market before big tech competitors fully mobilized.

Key themes from investor commentary:

• Moat through quality: Investors frequently cite the audible quality gap between ElevenLabs and competitors as a durable advantage.
• Platform potential: The expansion from a single text-to-speech tool into a full audio platform (dubbing, voice design, long-form projects) increases the revenue ceiling.
• Enterprise adoption: Growing enterprise contracts signal that the technology is moving beyond individual creators into large-scale commercial use.
• Valuation concern: Some investors note that at $11 billion, the stock needs to grow into a very high valuation, which limits margin of safety [6].

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Alternatives to Eleven Labs Stock for AI Exposure

If you want exposure to AI voice technology but can’t or don’t want to buy private eleven labs stock, consider these alternatives:

• Public AI stocks: Companies like Nvidia, Microsoft, Google (Alphabet), and Amazon all have significant AI investments, including voice technology.
• AI-focused ETFs: Funds like the Global X Artificial Intelligence & Technology ETF (AIQ) or ARK Innovation ETF (ARKK) provide diversified AI exposure.
• Other pre-IPO platforms: If you’re an accredited investor, platforms like Forge Global and EquityZen offer access to other private AI companies.
• Wait for the IPO: If ElevenLabs does go public, you’ll be able to buy shares through any standard brokerage.

Decision rule: Choose public AI stocks or ETFs if you want liquidity and diversification. Choose secondary market shares only if you’re comfortable with illiquidity and have done thorough due diligence.

FAQ

Can I buy ElevenLabs stock on Robinhood or Fidelity? No. ElevenLabs is private, so it’s not available on any retail brokerage platform. You’d need to use a secondary market platform and be an accredited investor.

What is ElevenLabs’ current valuation? $11 billion as of the February 2026 Series D round [7]. Secondary market trading may imply a higher effective valuation.

Is ElevenLabs going to IPO in 2026? No IPO has been officially announced. Industry speculation suggests late 2026 or 2027 is possible, but nothing is confirmed.

Who founded ElevenLabs? Piotr Dabkowski and Mati Staniszewski, both former Google engineers, founded the company in 2022.

How much has ElevenLabs raised in total? The company has raised over $500 million across multiple rounds, with the Series D alone accounting for $500 million [7][9].

Is ElevenLabs profitable? The company hasn’t disclosed profitability. Given its growth stage and heavy investment in AI infrastructure, it’s likely not yet profitable.

What is ElevenLabs’ annual revenue? Reports from late 2025 and early 2026 indicate the company surpassed $100 million in ARR, though exact figures aren’t publicly confirmed [9].

Can employees sell their ElevenLabs shares? Yes. Employee share sales have occurred on secondary markets, as reported by Yahoo Finance [5].

Is investing in ElevenLabs risky? Yes. Private company investments carry high risk: illiquidity, limited information, no guaranteed exit, and the possibility of total loss.

What makes ElevenLabs different from Google or Amazon voice AI? ElevenLabs focuses exclusively on voice quality and naturalness, while big tech companies offer voice as one feature within larger cloud platforms. ElevenLabs’ output is generally considered more human-sounding.

Conclusion

ElevenLabs has established itself as the leading AI voice company, but buying eleven labs stock in 2026 requires navigating the private market. There’s no public ticker, no official stock price, and no confirmed IPO date. If you’re seriously interested, here’s what to do next:

1. Determine if you qualify as an accredited investor.
2. Research secondary platforms like Hiive [2], Forge Global [3], and UpMarket [4] to understand current pricing and minimum investments.
3. Set a valuation ceiling you’re comfortable with, since secondary prices often exceed the $11 billion Series D valuation.
4. Monitor IPO signals through financial news outlets. An IPO would provide a much easier entry point with better liquidity and more financial transparency.
5. Consider alternatives like public AI stocks or ETFs if the risk profile of private shares doesn’t fit your situation.

The AI voice market is real and growing. ElevenLabs is well-positioned within it. But “well-positioned company” and “good investment at this price” aren’t the same thing. Do your homework before committing capital.

References

[2] Elevenlabs Stock – https://www.hiive.com/securities/elevenlabs-stock [3] Elevenlabs Stock – https://forgeglobal.com/elevenlabs_stock/ [4] Eleven Labs – https://www.upmarket.co/private-markets/pre-ipo/eleven-labs/ [5] Elevenlabs Staff Sell Shares 6 151254812 – https://finance.yahoo.com/news/elevenlabs-staff-sell-shares-6-151254812.html [6] Elevenlabs 500m Series D 11b Valuation – https://therecursive.com/elevenlabs-500m-series-d-11b-valuation/ [7] Elevenlabs Raises 500 Million 11 Billion Valuation Wsj Reports 2026 02 04 – https://www.reuters.com/technology/elevenlabs-raises-500-million-11-billion-valuation-wsj-reports-2026-02-04/ [9] Series D – https://elevenlabs.io/blog/series-d [10] Elevenlabs Eyes 11b Valuation Poised To Become Uks Top Ai Company – https://techfundingnews.com/elevenlabs-eyes-11b-valuation-poised-to-become-uks-top-ai-company/