Research / ElevenLabs
ElevenLabs Pre-IPO Research
Last updated: October 18, 2026. Valuation data as of October 12, 2026 (AG Dillon weekly pre-IPO valuations report).
ElevenLabs is a private company, so its shares do not trade on a public stock exchange. AG Dillon's weekly pre-IPO valuations report lists ElevenLabs' current implied valuation at $22.0 billion as of October 12, 2026. The report lists its last round valuation at $22.0 billion (July 2026), with the latest valuation marked "Tender". Qualified investors can gain pre-IPO exposure through the private secondary market, including pre-IPO funds offered through financial advisors. AG Dillon has no relationship with any pre-IPO company.
How to invest in ElevenLabs before an IPO
Until ElevenLabs lists on a public exchange, its shares can only be bought in private transactions. The main routes are:
- Private secondary market. Existing shareholders, such as employees and early investors, sell shares to new buyers, either directly on the company's capitalization table or through a special purpose vehicle (SPV). Limited partners of single-stock special purpose vehicles (SPVs) also sell their exposure to pre-IPO stocks in the secondary market. Some private companies require company approval for transfers.
- Pre-IPO funds offered through financial advisors. AG Dillon offers single-company pre-IPO funds to qualified clients through financial advisors, and directly to qualified clients. The minimum investment is $2,500. AG Dillon solicits offers from institutional broker and VC firm counterparties on each trade and completes counterparty due diligence on the best offer. AG Dillon has no relationship with any pre-IPO company.
- Talk to your financial advisor. Your advisor can review whether pre-IPO stock fits your portfolio, verify your qualified-client status and work with AG Dillon on allocation.
Ask about current ElevenLabs availability before you invest.
AG Dillon has no relationship with any pre-IPO company.
* NOTE: AG Dillon ("AGD") is not affiliated with any pre-IPO company in its funds. AG Dillon has no relationship with any pre-IPO company. Some pre-IPO companies require company approval for purchases (aka transfers). AGD has not been pre-approved by any pre-IPO company to purchase their stock. AGD purchases pre-IPO stocks in the secondary market and may gain exposure by directly purchasing the stock (on the company's capitalization table) and/or through a third party fund (aka special purpose vehicle, or SPV). When AGD purchases through a SPV the SPV general partner is responsible for obtaining the pre-IPO stock company approval, not AGD. This section is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security.
ElevenLabs valuation history
From AG Dillon's weekly pre-IPO valuations report (agdillon.com/reports). Valuations in US$ billions.
| Report date | Current implied valuation | Last primary round valuation | Last round date | Secondary since last round |
|---|---|---|---|---|
| October 12, 2026 | $22.0 | $22.0 | July 2026 | Tender |
| October 5, 2026 | $22.0 | $22.0 | July 2026 | Tender |
* Current Implied Valuation = Last Primary Round Valuation x ( 1 + ( ( Current 2ndary Price / Last Primary Round Price or 2ndary Price at Last Primary Round if Last Primary Round Price is not available ) - 1 ) )
ElevenLabs in our Weekly Pre-IPO Market Insights
Our view on ElevenLabs
The views below are the opinions of AG Dillon, summarized from our Weekly Pre-IPO Stock Secondary Market Updates, September 2026. They are not statements of fact or investment advice.
We see ElevenLabs Reception, a 24/7 AI receptionist that answers calls, books appointments and speaks more than 70 languages, as the voice leader's move from infrastructure into outcomes. In our view, AI applications are converging on outcomes rather than categories, and we think the winners will be those with the deepest access to company data, workflows and context.
Editions of the Weekly Pre-IPO Stock Secondary Market Update that cover ElevenLabs:
- September 22, 2026A 1,000x Power Cut? Unconventional AI, TypeSafe, ElevenLabs Receptionist, & Shield AI's Reality Check
ElevenLabs Reception marks the voice leader's move from infrastructure into outcomes.
ElevenLabs pre-IPO FAQ
Is ElevenLabs a public company?
No. ElevenLabs is a private company and its shares do not trade on a public stock exchange. ElevenLabs is listed in AG Dillon's weekly pre-IPO valuations report as of October 12, 2026.
How can I buy ElevenLabs shares before an IPO?
Because ElevenLabs is private, shares change hands only in private transactions, such as secondary market sales by existing shareholders, often through special purpose vehicles (SPVs). Some private companies require company approval for transfers. AG Dillon offers single-company pre-IPO funds through financial advisors to qualified clients, with a $2,500 minimum. Contact AG Dillon to ask about current ElevenLabs availability. AG Dillon has no relationship with any pre-IPO company.
What is ElevenLabs' valuation?
AG Dillon's weekly pre-IPO valuations report lists ElevenLabs' current implied valuation at $22.0 billion as of October 12, 2026. The report lists its last round valuation at $22.0 billion (July 2026), with the latest valuation marked "Tender". Implied valuation is an estimate based on secondary market prices, not a public market price.
Who can invest in AG Dillon's pre-IPO funds?
AG Dillon funds accept qualified clients only: individuals or entities with a net worth of $2.7 million or more, excluding the value of their primary residence. Funds are offered under Rule 506(c), so qualified-client status is verified before investing. Financial advisors can work with AG Dillon on behalf of their clients.
What are the risks of investing in pre-IPO stocks?
Pre-IPO stocks are speculative and illiquid. A company may never go public or be acquired, may raise money at a lower valuation, or may fail, and you could lose your entire investment. Fund interests cannot be freely transferred, and secondary market prices are not public and may differ from primary round prices.