ElevenLabs Secures Over $550M in Series D Funding, Surpassing Initial $500M Target, Welcoming BlackRock, Nvidia, and More as Investors; ARR Exceeds $500M in Q1 (John Reynolds/Tech.eu)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
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Source: Techmeme
Funding Increase: Eleven Labs raised over $550 million in its Series D funding round, an increase from the previously announced $500 million.
New Investors: The funding round included new investors such as BlackRock and Nvidia, contributing to the company's growth.
Financial Milestone: Eleven Labs reported that its annual recurring revenue (ARR) surpassed $500 million in the first quarter.
Employee Share Sale: The company completed its second employee shares sale within less than a year, indicating strong internal confidence and growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
