All episodes of The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · 2025-09-08 · 74 min · 15,879 words

20VC: ElevenLabs Hits $200M ARR: The Untold Story of Europe's Fastest Growing AI Startup | The Real Cost of AI from Talent to Data Centres | How US VCs are in a Different League to Europeans | The Future of Foundation Models with Mati Staniszewski

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So we crossed 200 million now. So we did 20 months to 100 and then around 10 months to 200. Our biggest contract is around 2 million. Pre-seed was tough. I think we spoke with with a good amount of investors.

Between 30 to 50, we raised 2 million. 2 million. Do you remember the price? 9 million. This is 20 VC with me, Harry Stebbings, and today we have one of the fastest growing AI companies in the world in the hot seat.

So they did 20 months to $100 million in ARR. just 10 months to $200 million in ARR, which they announce exclusively in this episode today, they've raised over $350 million, with the last round pricing them at $3.3 billion, 11 labs, and I'm so thrilled to welcome their co-founder, Matty, to the hot seat today. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data and the projects that we're working on across dozens of platforms, products and tools.

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