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EUROPE TECH FUND IN TALKS TO BACK AI STARTUP ELEVENLAB

AI DESK■ 1 MIN READ
THU, SEP 17, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Europe's new technology fund is in talks to invest in ElevenLabs Inc., a UK-based artificial intelligence startup. The funding would mark a significant backing for the AI company from a major European institutional investor.

ElevenLabs, which develops AI-powered voice synthesis and text-to-speech technology, is in discussions with Europe's technology fund regarding a potential investment. Sources familiar with the matter confirmed the talks are underway, though terms and timing remain undisclosed. The startup has gained traction in the AI sector with its voice generation platform, which serves various industries including content creation, accessibility, and media production. Europe's tech fund was established to bolster the continent's technology ecosystem and reduce dependence on US and Chinese tech companies. An investment in ElevenLabs would align with this mandate by supporting homegrown AI innovation. Neither party has publicly confirmed the discussions or disclosed potential investment amounts. The talks come as European venture capital activity in AI continues to accelerate amid growing competition for emerging technology companies.

■ SOURCES

► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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