ElevenLabs adds USD 14 M ARR in one day, hits USD 200 M in August, eyes USD 300 M by Jan
ElevenLabs’ revenue trajectory looks almost cinematic. After rolling its voice‑generation suite to the public in January 2023, the startup hit the $100 million annual recurring revenue mark by October 2024—a milestone that would have seemed ambitious just a year earlier. Then, in a single day, the firm added another $14 million to that figure, pushing its ARR past the $200 million threshold in August.
That surge isn’t merely a flash‑in‑the‑pan; it signals a pattern of accelerated growth that the company hopes to sustain through the new year. While the numbers speak for themselves, the real question is whether the pace can keep up with the target of $300 million ARR by January. The upcoming months will test the durability of that momentum, especially as ElevenLabs continues to expand its product offerings and enterprise partnerships.
Staniszewski stated that in August, the company crossed $200 million in ARR, and by next January, it aims for $300 million in ARR. ElevenLabs' products were launched publicly only in January 2023, and in October 2024, the company crossed $100 million in ARR. In September, the company enabled an employee secondary share sale, pricing some shares at $6.6 billion.
It has raised a total of $291 million across six funding rounds, according to data from Tracxn. In January this year, the company raised $180M in Series C funding led by a16z and ICONIQ Growth. ElevenLabs offers text-to-speech, speech-to-speech, voice-cloning, and dubbing tools built on its own foundation audio models, including its core speech synthesis model and its multilingual voice model.
The company posted a $14 million jump in ARR in a single day, a figure that dwarfs its earlier milestones. It crossed the $200 million ARR threshold in August, and the leadership has set a target of $300 million by next January. Products that were first offered to the public in January 2023 have driven that growth, with the firm reporting $100 million in ARR as early as October 2024.
Yet the path from $200 million to $300 million in just five months raises questions about the sustainability of such rapid scaling. The September announcement about an employee‑focused feature hints at broader use cases, but details remain sparse. Whether the current trajectory will hold amid competitive pressures and potential market saturation is still unclear.
What is evident, however, is that ElevenLabs has moved quickly from its early days to a multi‑hundred‑million ARR operation, and its upcoming quarterly reports will likely shed more light on the durability of this expansion.
Further Reading
- ElevenLabs revenue, valuation & funding - Sacra
- ElevenLabs ARR Hits $200M - ARR Club
- ElevenLabs Statistics: Revenue, Insights and Facts (2025) - ElectroIQ
- ElevenLabs: A Premier Emerging Growth Player in AI Voice - MVR (MVP.vc)
- Text-to-Audio AI Is Up 9,300%—How ElevenLabs Became the Voice Behind 2025’s Content Boom - Unkoa
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Common Questions Answered
When did ElevenLabs first launch its voice‑generation suite to the public?
ElevenLabs released its voice‑generation suite publicly in January 2023. This launch marked the beginning of its rapid revenue growth, eventually leading to significant ARR milestones.
What ARR milestone did ElevenLabs achieve in October 2024?
In October 2024, ElevenLabs crossed the $100 million annual recurring revenue (ARR) mark. Reaching this figure within a year of its public launch highlighted the strong market demand for its products.
How much ARR did ElevenLabs add in a single day, and what threshold did this push it past?
ElevenLabs added $14 million to its ARR in a single day, which pushed the company's ARR beyond the $200 million threshold in August. This one‑day surge underscored an accelerated growth pattern for the startup.
What ARR target has ElevenLabs set for January 2025, and how does it compare to its August 2024 figure?
ElevenLabs aims to reach $300 million in ARR by January 2025. This goal represents a $100 million increase from the $200 million ARR it reported in August 2024.
How much total funding has ElevenLabs raised, and what notable event occurred in September related to employee shares?
ElevenLabs has raised a total of $291 million across six funding rounds. In September, the company enabled an employee secondary share sale, pricing some shares at a valuation of $6.6 billion.