ElevenLabs adds BlackRock, Jamie Foxx and Eva Longoria as investors

In short: ElevenLabs says BlackRock and several other big names, including Jamie Foxx and Eva Longoria, have joined as investors.

What happened

ElevenLabs, a company that makes AI voices that can speak like a person, published a list of new investors taking part in its $500 million Series D fundraising round. The company said the round was first announced in February.

The newly named investors include large financial firms like BlackRock, Wellington, D.E. Shaw, and Schroders. It also includes companies such as NVIDIA, Salesforce, Santander, KPN, and Deutsche Telekom. Individual investors listed include actor Jamie Foxx, actor and producer Eva Longoria, and Squid Game creator Hwang Dong-hyuk.

ElevenLabs also said it has now passed $500 million in ARR, which stands for Annual Recurring Revenue. That is a common way subscription businesses measure how much money they expect to bring in each year if customers keep renewing, like counting the steady part of a gym’s membership fees. TechCrunch noted the company ended last year near $350 million in ARR, and the CEO previously said the company reached roughly $450 million by the end of the first quarter of 2026.

The company said it has signed enterprise deals recently with firms including Deutsche Telekom, Revolut, and Klarna. It also said it completed a $100 million tender, which is a way for some existing shareholders to sell shares, often to new investors.

Why it matters

More funding and higher recurring revenue suggest that more large companies want AI that can talk to customers in a natural way, especially for phone calls and support lines where people notice delays and mistakes quickly.

Source: TechCrunch AI