ElevenLabs adds BlackRock, Nvidia and Jamie Foxx to $550M+ Series D

One of the UK’s most hyped AI startups today said it has added Nvidia, BlackRock and film stars Jamie Foxx and Eva Longoria to its investment roster, as it also announced it has completed its second employee secondary share sale in less than a year.

UK-headquartered ElevenLabs, founded by two Polish entrepreneurs, made a name for itself by leveraging AI to convert text into speech which sounds like it’s being read by human voices.

The startup, which is backed by Sequoia and Andreessen Horowitz, said today it had completed the third close of its Series D funding round. 

The startup announced its $500m Series D in February this year, valuing it at $11bn. It said it has now raised more than $550m in the round.

New institutional investors include BlackRock, Wellington, D.E. Shaw and Schroders, along with enterprises like the VC arm of Nvidia, NVentures, which has previously been reported, and Santander, ElevenLabs said.

Foxx, Longoria and Squid Game creator Hwang Dong-hyuk are among a group of more than 30 actors, musicians, athletes, and entertainment executives investing in ElevenLabs for the first time, joining existing investors like Matthew McConaughey, it said.

ElevenLabs also said it had surpassed $500m in ARR (annual recurring revenue) in the first quarter of 2026, a big jump from its 2025 year-end ARR of $350m.

It said: “This growth is driven by enterprises deploying voice agents across their businesses, from customer support and sales, to hiring and marketing operations.”

It also announced that it completed a $100m employee share sale, its second in less than a year, following its $100m employee share sale in September last year.

The startup has evolved its proposition to areas such as dubbing and sound effects. It sells products to help businesses deploy voice and chat agents, with its clients including Meta, Salesforce, and Revolut.