Scaleup Europe Fund Eyes Investment in ElevenLabs' Ambitious Funding Round
Hamid Siddiqui
News
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The €5bn Scaleup Europe Fund is reportedly in discussions to invest over $500 million in voice AI company ElevenLabs. Although talks are ongoing, there’s no assurance of a deal. ElevenLabs, valued at $11 billion and exploring a possible $22 billion valuation, has received substantial interest after raising $500 million in February. The company specializes in AI voice cloning for various industries.