France · Series D startup

Who invested in Mistral AI

4 rounds we have observed, with the 33 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AIBig Data & AnalyticsCloudConstruction

Raised 2 months agoValuation: $13B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$7.5Braised across 4 rounds since 2025, from 13 sources

$2.0BSeries C$830MDebt$1.2BRound$3.5BSeries D
Latest round
Series D, $3.5BSept 2026
Led by
Samsung Electronics
Step-upi
3×
Investors
33 (2 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026
$2.0BSeries C$830MDebt$1.2BRound$3.5BSeries D
First round
Series C, $2.0B
Sept 2025
Biggest round
$3.5B
Series D · Sept 2026
Usual gap between rounds
3 months
the median of 3

The rounds

  1. Sept 2026
  2. Jun 2026
  3. Mar 2026
  4. Sept 2025

Founders and team

From Mistral AI's own website: 3 founders.

Arthur MenschCo-founder and CEO.
Guillaume LampleCo-founder and Chief Science Officer.
Timothee LacroixCo-founder and CTO.

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

BpifranceGovernment3rounds
Samsung ElectronicsGrowth equity2rounds, led 1
ASMLCorporate VC2rounds, led 1
Andreessen HorowitzVC firm2rounds
General CatalystVC firm2rounds
Index VenturesVC firm2rounds
HeadlineVC firm2rounds
NVIDIACompany2rounds
DST GlobalPrivate equity2rounds
Salesforce VenturesCorporate VC1round
BlackRockAsset manager1round
BNP ParibasVC firm1round
HSBCGrowth equity1round
Novo HoldingsVC firm1round
EurazeoPrivate equity1round
SantanderVC firm1round
Crédit AgricoleVC firm1round
Advent InternationalPrivate equity1round
Providence Equity PartnersPrivate equity1round
Korelya CapitalVC firm1round
Sakana AIGrowth equity1round
Scaleup Europe FundGrowth equity1round
NatixisCorporate VC1round
EQT's Scaleup Europe FundGrowth equity1round
HillspireFamily office1round
CarmignacGrowth equity1round
BelfiusGrowth equity1round
BNP Paribas CIBGrowth equity1round
Grand Duchy of LuxembourgGrowth equity1round
La Banque PostaleVC firm1round
Phoenix Court's Solar fundGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 16 firms list Mistral AI as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Kima VenturesVC firmPer its own site
Motier VenturesFamily officePer its own site
ConvictionVC firmPer its own site
AvraVC firmPer its own site
Dedicated VCVC firmPer its own site
Factorial FundsVC firmPer its own site
Knuru CapitalVC firmPer its own site
PUSH VCVC firmPer its own site
ValkyrieVC firmPer its own site
Digital InvestFamily officePer its own site
Frontive ServicesIncubatorPer its own site
Integra GroupeVC firmPer its own site
ODC VenturesFamily officePer its own site
Pentagram VenturesVC firmPer its own site
Rigby Technology InvestmentsGrowth equityPer its own site
Snaw VenturesVC firmPer its own site

Quick answers about Mistral AI

Who invested in Mistral AI?

Mistral AI's investors include Bpifrance, Samsung Electronics, ASML, Andreessen Horowitz and General Catalyst, and 28 more on record. Samsung Electronics led its latest round.

How much has Mistral AI raised?

Mistral AI has raised $7.5B across 4 rounds since 2025.

When did Mistral AI last raise?

Mistral AI's most recent round was a Series D of $3.5B in Sept 2026, led by Samsung Electronics.

What was Mistral AI's biggest round?

Its most recent round, $3.5B in Sept 2026, is also its largest on record.

Who backed Mistral AI first?

Mistral AI's first round on record, in Sept 2025, was backed by ASML, Andreessen Horowitz and General Catalyst and 6 others.

What stage is Mistral AI at?

Mistral AI's latest named round is a Series D, in Sept 2026.

Where is Mistral AI based?

Mistral AI is based in France.

Who led Mistral AI's rounds?

ASML led the Series C in 2025; Samsung Electronics led the Series D in 2026.

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