Cytowski & Partners has advised Poland-based ElevenLabs on its USD 19 million series A financing with Andreessen Horowitz, Nat Friedman, and Daniel Gross. Gunderson Dettmer reportedly advised Andreessen Horowitz.
According to Cytowski & Partners, “in addition, the round was joined by various strategic Silicon Valley angel investors, including Instagram co-founder Mike Krieger, Oculus VR co-founder Brendan Iribe, Ubiquity6 co-founder Anjney Midha, Deepmind & Inflection co-founder Mustafa Suleyman, Perplexity AI co-founder Aravind Srinivas, Vercel founder Guillermo Rauch, O’Reilly Media founder Tim O’Reilly, Creator Ventures, and SV Angel. Follow-on investors Credo Ventures and Concept Ventures also participated.”
According to the firm, ElevenLabs, a voice technology research company, “has gathered over one million registered users who have generated over ten years worth of audio content.”
“Over the last five months, we’ve seen our technology embraced by millions of creators, companies, and curious minds,” ElevenLabs CEO and co-founder Mati Staniszewski commented. ”We are right at the beginning of this journey and now with Nat, Daniel, and Andreessen Horowitz joining, we have the best partners as we continue on the ambitious path forward.”
“Since our inception in April 2022 we have focused on assembling a great team – one of the key factors for long-term success – and have built a unique team of talented, passionate, and hard-working people,” ElevenLabs CTO and co-founder Piotr Dabkowski added. “With such a wonderful set of colleagues and partners, we are well on our way to realizing our ambition of completely breaking down language barriers with technology.”
Back in January, Cytowski & Partners also advised ElevenLabs on its USD 2 million pre-seed financing round with Credo Ventures, Concept Ventures, and angel investors (as reported by CEE Legal Matters on January 27, 2023).
The Cytowski & Partners team included Partner Tytus Cytowski, Counsel Michal Fert, and Associates Eresi Uche, Kunal Kolhe, Fabiana Morales Centurion, and Heidi Fan.
