ElevenLabs Aims for IPO in 2-3 Years, Considers Dual Listing

ElevenLabs, a European AI voice startup, plans to be ready for an initial public offering (IPO) in two to three years. This would make it one of the first artificial intelligence companies started in Europe to prepare for an IPO.

Funding and Valuation

In a recent funding round led by top investors, including Sequoia Capital, Andreessen Horowitz, and Iconiq, ElevenLabs raised $500 million. The startup was valued at $11 billion in the funding deal.

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Business Milestones

ElevenLabs has achieved significant business milestones, including:

• $330 million in annual recurring revenue in January
• Partnerships with Deutsche Telekom AG, Boston Consulting Group, Revolut, and the Ukrainian government

Company Overview

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ElevenLabs was founded in 2022 and is currently headquartered in New York. However, the business has strong links to Poland, where it was initially based. Both co-founders, Mati Staniszewski and Piotr Dabkowski, are Polish, and the company has an office in Warsaw.

IPO Plans

ElevenLabs plans to list on the Warsaw Stock Exchange as part of a potential dual listing. This would enable the company to tap into the Polish market and maintain its strong links to its home country.