Private Valuation & Funding Round Tracker · Mistral AI

Mistral AI funding rounds & valuation history

Name: Mistral AI Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Mistral AI, the Paris-based maker of open-weight AI models, from its 2023 seed to its 2026 Series D, sourced to Mistral’s own announcements, ASML, General Catalyst, CNBC and TechCrunch. Figures are in euros, as Mistral reports them.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: € (euro), nominal, as reported; the Series A valuation is in US$ as reported

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

€21B+

€3B Series D, 8 Sep 2026 (Mistral: “more than €21 billion” post-money)

Up-step, Series C

2.02×

€11.7B vs €5.8B (GNF calc.)

Largest round

€3B

Series D, led by Samsung Electronics

Raised in rows

€5.79B

€105M + €385M + €600M + €1.7B + €3B (GNF calc.)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Mistral AI funding rounds, June 2023 to September 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
8 Sep 2026	Closed round	Series DMistral calls it the largest equity round by a European tech company. Lower bound, so no step-up.	€3BAbout $3.5B (CNBC, TechCrunch)	Samsung ElectronicsAlso: Scaleup Europe Fund (EQT-managed), PSG Equity (co-leads); a16z, Nvidia, Salesforce Ventures, Advent, BlackRock	Over €21BStated by Mistral: “post-money valuation of more than €21 billion” (about $24B); lower bound	—Not disclosedNo run-rate stated in the announcement	Mistral AI, 8 Sep 2026Also: TechCrunch, 8 Sep 2026, CNBC, 8 Sep 2026
9 Sep 2025	Closed round	Series CASML says it invested €1.3B as lead investor. ASML (listed) is a minority shareholder, not a parent.	€1.7B	ASML (€1.3B)Also: DST Global, a16z, Bpifrance, General Catalyst, Index Ventures, Lightspeed, Nvidia	€11.7BPost-money, stated by Mistral2.02× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Mistral AI, 9 Sep 2025Also: ASML, 9 Sep 2025
11 Jun 2024	Closed round	Series BGeneral Catalyst says it co-led the €600M Series B. Step-up not computed: the Series A valuation was reported in US$ only.	€600MAbout $645M (CNBC)	General Catalyst (co-lead, per General Catalyst)	€5.8BReported by CNBC (“values Mistral AI at 5.8 billion euros”); basis not stated	—Not disclosedNo run-rate stated in the announcement	CNBC, 12 Jun 2024Also: General Catalyst, 11 Jun 2024
11 Dec 2023	Closed round	Series A	€385MAbout $415M at the time (TechCrunch)	Andreessen HorowitzAlso: Lightspeed Venture Partners	About $2B (US$)Reported in US$ only: “roughly $2 billion”, per Bloomberg via TechCrunch; EUR valuation cells left empty, not converted	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 11 Dec 2023
13 Jun 2023	Closed round	SeedRaised four weeks after founding (TechCrunch).	€105MAbout $113M at the time (TechCrunch)	Lightspeed Venture PartnersAlso: Redpoint, Index Ventures, Xavier Niel, JCDecaux Holding, Rodolphe Saadé, Motier Ventures and others	€240M“Sources close to the company confirm” (TechCrunch); not stated by Mistral	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 13 Jun 2023

Step-up = valuation ÷ the prior closed valuation, in euros (GNF calc.). Not computed against the US$-only Series A figure or the Series D lower bound.

Valuation at each closed round (€)

Euro valuations at closed rounds. The Series D bar is a lower bound (“more than €21 billion”). The Series A (~$2B, US$ only) is not plotted.

SeedJun 2023€240M
Series BJun 2024€5.8B
Series CSep 2025€11.7B
Series DSep 2026€21B+

Sources: Mistral AI; CNBC; TechCrunch. € billions, linear scale; not converted.

Timeline

Each round and share sale, oldest first.

13 Jun 2023 · Closed
Seed: €105M led by Lightspeed at €240M (reported).
11 Dec 2023 · Closed
Series A: €385M led by a16z at about $2B (reported in US$).
11 Jun 2024 · Closed
Series B: €600M at €5.8B.
9 Sep 2025 · Closed
Series C: €1.7B at €11.7B post-money, led by ASML.
8 Sep 2026 · Closed
Series D: €3B at over €21B post-money, led by Samsung.

Still private: Mistral AI has not filed for an IPO and is not controlled by a listed company. ASML (listed) led the Series C with €1.3B (ASML) and Samsung Electronics (listed) led the Series D; both are minority shareholders. Figures are in euros, as Mistral reports them; nothing is converted.

Cite this dataset

Free to quote with a link back. Copy this citation:

Mistral AI Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/mistral-ai/

Download the data

The same 5 rows as the table: numeric euro (EUR) columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: mistral-ai-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/mistral-ai-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_eur_low, amount_eur_high, lead_or_buyer, co_leads, valuation_eur_low, valuation_eur_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_eur_low, price_per_share_eur_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Debt raised for data centres (including a reported $830M in March 2026), commercial partnerships such as CMA CGM, and rounds reported only as talks before they closed (April 2024, August 2025).

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled (batch 2, not yet published).

Mistral AI Funding Rounds & Valuation History (2023–2026)