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September 17, 2026

EU Scaleup Fund in talks to back ElevenLabs in $500m round, reports say

Bloc’s flagship investment vehicle mulls first investment outside of the EU


Martin Coulter

2 min read

At present, the uncontested European leader in the field of voice AI is ElevenLabs

The EU-backed Scaleup Europe Fund is in talks to invest in London-based voice AI startup ElevenLabs as part of a funding round that could raise more than $500m, according to Bloomberg.

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Martin Coulter

Martin Coulter is Sifted's news editor, based in London. You can follow him on LinkedIn and X

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