ElevenLabs names former Adyen CFO Ethan Tandowsky as its chief financial officer
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What happened
ElevenLabs announced on 8 September 2026 that Ethan Tandowsky had joined the company as Chief Financial Officer. Tandowsky was most recently CFO of Adyen, the payments company. According to the announcement, he joined Adyen's finance team in 2016, helped take it public in 2018 and became its CFO in 2023. The company said Adyen grew from 400 to 5,000 people during his tenure and that its revenue grew 20x.
ElevenLabs said Tandowsky would scale its financial infrastructure and shape how it invests in research, product and global expansion. The post described ElevenLabs as a global team of 800 people and said large organizations made up 55% of its revenue, up from 40% a year earlier. CEO and cofounder Mati Staniszewski cited Tandowsky's record of scaling financial operations in high-growth environments and his experience as CFO of a public company. The Information reported the same day, under the headline "ElevenLabs Hires CFO, Eyes 2028 IPO", that the company was eyeing a 2028 listing. ElevenLabs did not mention an IPO in its announcement.
Key points
- ElevenLabs announced on 8 September 2026 that Ethan Tandowsky joined as Chief Financial Officer.1
- He was most recently CFO of Adyen (CFO since 2023); he joined its finance team in 2016 and helped take it public in 2018.1
- Large organizations made up 55% of ElevenLabs revenue, up from 40% a year earlier, per the company.1
- The Information's headline said ElevenLabs eyes a 2028 IPO; the company's own post did not mention one.12
Why it matters
The new CFO took part in an IPO and then served as CFO of a listed company, according to the announcement. That is the financial-reporting background a company preparing a listing would draw on.
ElevenLabs stated that large organizations made up 55% of revenue, up from 40% a year earlier. A shift toward larger customers is part of the picture a valuation rests on.
The 2028 IPO timing comes from The Information's headline alone. The company's own announcement does not mention a listing, so the timeline remains unconfirmed.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Jan 22, 2024 | $1.1B | $80M | Andreessen Horowitz, Daniel Gross, and Nat Friedman |
| Series C | Jan 30, 2025 | $3.3B | $180M | Andreessen Horowitz and ICONIQ Growth |
| Series D | Feb 4, 2026 | $11B | $500M | Sequoia Capital |
| Series D extension | Jun 17, 2026 | $11B | $11M | Unknown |
Updated
Fact-check
- ElevenLabs announced Ethan Tandowsky as Chief Financial Officer on 8 September 2026.Confirmed by [1] ElevenLabs: the blog post, dated 8 September 2026, says Tandowsky has joined as Chief Financial Officer.Verified
- Tandowsky was most recently CFO of Adyen; he joined its finance team in 2016, helped take it public in 2018 and became CFO in 2023.Confirmed by [1] ElevenLabs, which gives these dates and roles for his time at Adyen.Verified
- Adyen grew from 400 to 5,000 people and revenue grew 20x during his tenure.Confirmed by [1] ElevenLabs, which states both figures in its description of his Adyen tenure.Verified
- Large organizations made up 55% of ElevenLabs revenue, up from 40% a year earlier, and the company has a team of 800 people.Confirmed by [1] ElevenLabs: the announcement gives the 55% and 40% shares and the global team of 800.Verified
- Mati Staniszewski cited Tandowsky's record of scaling financial operations and his experience as CFO of a public company.Confirmed by [1] ElevenLabs, which quotes the CEO on both points.Verified
- ElevenLabs is reported to be eyeing an IPO in 2028.[2] The Information carries the claim in its headline; the article body is paywalled and only the headline could be read. [1] ElevenLabs does not mention an IPO.Partly verified
Sources
- [1]ElevenLabs (opens in a new tab)Ethan Tandowsky joins ElevenLabs as Chief Financial OfficerEthan brings a strong track record of scaling financial operations in high-growth environments
- [2]The Information (opens in a new tab)ElevenLabs Hires CFO, Eyes 2028 IPOElevenLabs Hires CFO, Eyes 2028 IPO
