ElevenLabs plans IPO in five years, eyes global expansion
London-based AI voice startup ElevenLabs aims to be IPO-ready within five years. The company told CNBC it’s targeting big growth with new hubs in Europe, Asia, and South America.
CEO Mati Staniszewski said Paris, Singapore, Brazil, and Mexico are top picks for new offices. Currently, ElevenLabs has major offices in London, New York, Warsaw, San Francisco, Japan, India, and Bangalore. 
Staniszewski laid out the IPO timeline clearly.
"From a commercial standpoint, we would like to be ready for an IPO in that time,"
he said.
"If the market is right, we would like to create a public company … that’s going to be here for the next generation."
Founded in 2022, ElevenLabs competes with Speechmatics and Hume AI. Its business focuses on consumer voice assistants, corporate integrations like Cisco, and custom industry apps such as healthcare.
The company hasn’t decided where it will list. Staniszewski says it depends on user concentration at IPO time.
"If the U.K. is able to start accelerating,"
ElevenLabs will consider London as a listing destination.
London’s tech IPO scene has struggled recently. Deliveroo’s shares dropped nearly 30% after its UK listing and was later acquired by DoorDash. Meanwhile, Wise plans to move its primary listing to the US.
ElevenLabs is fresh off a $180 million funding round that valued it at $3.3 billion. Big names backing it include Andreessen Horowitz, Sequoia Capital, ICONIQ Growth, Salesforce, and Deutsche Telekom.
Staniszewski says more funding rounds are possible but only if they fuel clear business bets.
"The way we try to raise is very much like, if there’s a bet we want to take, to accelerate that bet [we will] take the money,"
he said.
