ElevenLabs, a London-based AI voice generation startup, is accelerating its global expansion plans as it prepares to go public within the next five years. The company’s co-founder and CEO, Mati Staniszewski, said that the firm is targeting new hubs in Paris, Singapore, Brazil, and Mexico as part of its growth strategy.
Founded in 2022 by Staniszewski and Piotr Dąbkowski, ElevenLabs specializes in creating synthetic voices using artificial intelligence. The company’s offerings extend across consumer-facing voice assistants, corporate integrations (with clients like Cisco), and custom applications for industries such as healthcare. With its innovative technology, ElevenLabs competes with prominent players like Speechmatics and Hume AI.
IPO Ambitions
Staniszewski emphasized the company’s goal of being IPO-ready within five years. “From a commercial standpoint, we would like to be ready for an IPO in that time,” he said, adding, “If the market is right, we would like to create a public company … that’s going to be here for the next generation.”
However, the company has yet to decide where it will list its shares. The decision, according to Staniszewski, will depend on where the company’s user base is most concentrated at the time. While London remains a possibility, the CEO acknowledged concerns about the U.K. stock market’s unfavorable conditions for high-growth tech firms. He pointed to examples like the food delivery giant Deliveroo, whose shares fell nearly 30% after its IPO in London, and Wise, the British money transfer firm that recently announced plans to move its listing to the U.S.
Global Expansion Plans
ElevenLabs is keen on scaling its presence across Europe, Asia, and South America. Already boasting offices in New York, Warsaw, San Francisco, Japan, India, and Bangalore, the company aims to solidify its position as a global leader in AI voice technology. “We expect to build more hubs in Europe, Asia, and South America, and just keep scaling,” Staniszewski said.
Funding and Valuation
ElevenLabs was valued at $3.3 billion following a recent $180 million funding round. Backed by leading investors such as Andreessen Horowitz, Sequoia Capital, ICONIQ Growth, Salesforce, and Deutsche Telekom, the company is open to raising additional venture capital if it sees a strategic need to accelerate its growth. “The way we try to raise is very much like, if there’s a bet we want to take, to accelerate that bet [we will] take the money,” Staniszewski explained.
↔ 
↔ 
↔ 
↔ 
↔ 
↔ 
↔ 
↔ 
↔ 
↔ 
→ 
→ 
→ 
→ 
→ 
→ 
→ 
