+71%

est. 2Y upside i

AI & MLSeries D+

AI voice synthesis and cloning platform for content creators

Rank

#769

Sector

Artificial Intelligence

Est. Liquidity

~3Y

Data Quality

Data: Medium

ElevenLabs offers high potential upside (71% expected) driven by hypergrowth and IPO prospects, but faces significant Big Tech competition.

Last updated: July 3, 2026

Bull (25%)+200%

IPO tailwinds and category leadership sustain the high multiple at 50x, delivering 200% upside (capped per stage) after 20% dilution.

Base (30%)+69%

Multiple converges to 11x, inline with high-growth SaaS peers, yielding ~69% upside after 20% dilution.

Bear (45%)+1%

Big Tech competition compresses multiple to 6x, yielding just 1% upside after dilution; preference stack not triggered as exit value remains above total funding.

Est. time to liquidity~2.5 years
Adjusted for competitive dynamics: 80% (raw: 71%, adjustment: +9%)

Preference Stack Risk

low

Funding Intensity

4%

Total preferred funding of $822M represents only 3.7% of the $22B entry valuation, providing a large cushion for common stock.

Dilution Risk

moderate

No near-term funding needed due to profitability, but a pre-IPO round could dilute 15-25%.

Secondary Liquidity

moderate

Recent secondary transactions indicate active market at $22B valuation, providing some liquidity before IPO.

Engineering & Product — 32 roles

Growth — 17 roles

Research & Research Engineering — 1 role

View all 100 open roles at ElevenLabs →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on ElevenLabs's data — designed to show you've done your homework.

  • 1

    “How does ElevenLabs plan to differentiate its voice platform against Google and OpenAI's native voice capabilities?”

  • 2

    “What is the revenue contribution from enterprise vs self-serve and how does that affect margin stability?”

  • 3

    “Given the CEO's IPO timeline, what is the expected dilution for employees in a potential pre-IPO round?”

Community

Valuation Sentiment

Our model estimates +71% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.