EU Scaleup Fund Reportedly Considers Investment in ElevenLabs
The London-based voice AI startup could secure over $500m in a round, marking the fund's potential first investment outside the EU.
What happened
Reports indicate that the EU-backed Scaleup Europe Fund is currently in discussions regarding an investment in ElevenLabs, a voice AI startup located in London. This potential funding round is anticipated to raise more than $500 million.
The numbers
The proposed funding round, which the Scaleup Europe Fund is reportedly considering, could involve an investment exceeding $500 million.
Who's behind it
ElevenLabs is a voice AI startup based in London, recognised as a leading entity in the European voice AI sector. The potential investor, the Scaleup Europe Fund, is Bloc’s primary investment vehicle and receives backing from the EU.
Why it matters
This prospective investment would represent the Scaleup Europe Fund's inaugural investment outside the European Union. ElevenLabs holds a position as the undisputed leader in European voice AI technology.
What to watch
The progress of these reported discussions and the eventual finalisation of the funding round for ElevenLabs will be a key development to monitor.
AI-assisted reporting. This story was drafted with AI assistance from the sources listed above and reviewed against our editorial rules before publication. Facts carry source provenance. Figures, investors, founders and quotations are never generated — if a detail is not in a source, it is not published.
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