/ Pre-IPO Risk Index / ElevenLabs

ElevenLabs

AI Voice · Pre-IPO · $3.3B (Q3 2025)
B+

Good (B+) — Round Z Pre-IPO Risk Grade

ElevenLabs operates the leading AI voice generation and cloning platform with strong enterprise and developer adoption. Disciplined valuation trajectory ($3.3B in 2025 on substantial revenue), clean governance, and broad strategic-investor support across the AI ecosystem produce a high-quality AI infrastructure profile.

85
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Governance Risk
B+
Valuation Methodology
A-
Secondary Liquidity
B
Financial Disclosure
B
Exit Probability
B+
/ Public-Record Events

Key risk events & disclosures.

  • Strategic participation from all major AI ecosystem investors
  • $80M Series C 2025 at $3.3B
  • Enterprise adoption: customer service, media, gaming
  • EU AI Act compliance baseline as UK-domiciled entity

/ Best for

Investors seeking AI voice/audio exposure with disciplined valuation, broad strategic-investor support, and EU regulatory baseline.

/ Watch out for

OpenAI voice cloning, Microsoft VALL-E, and Hume AI competitive pressure intensifying. Voice-cloning regulatory environment (deepfake legislation) is evolving rapidly.