Voice AI startup ElevenLabs has revealed a new group of investors participating in its $500 million Series D funding round, according to TechCrunch.
The latest additions to the fundraising round, which was first announced in February, include financial institutions BlackRock, Wellington, D.E. Shaw, and Schroders. The company also secured backing from enterprise partners NVIDIA, Salesforce, Santander, KPN, and Deutsche Telekom.
High-profile individual investors joining the round include actor Jamie Foxx, actress Eva Longoria, and Squid Game creator Hwang Dong-hyuk.
Alongside the capital influx, ElevenLabs announced it has surpassed $500 million in annual recurring revenue (ARR). The company ended last year with nearly $350 million in ARR, according as TechCrunch reported.
Co-founder and CEO Mati Staniszewski previously noted that the company added $100 million in net new ARR during the first quarter of 2026. This growth helped drive the company's valuation from $6.6 billion last September to $11 billion this February.
Enterprise expansion
The company is actively securing large-scale corporate partnerships, recently signing enterprise contracts with Revolut, Klarna, and Deutsche Telekom.
Karine Peters, Managing Director at Deutsche Telekom’s venture arm T. Capital, highlighted the company's role in industrial automation.
“ElevenLabs is not just a category leader – it is becoming a foundational enabler of Deutsche Telekom’s broader Industrial AI vision,” Peters said in a statement.
She added that the company is uniquely positioned to reshape business-to-customer interactions through voice-as-a-service and multilingual automation.
In addition to the Series D round, ElevenLabs closed a $100 million tender. This marks the second such tender the company has issued in roughly six months, following a previous round last September.
