# Mistral funding: rounds and investors

> Mistral has raised $3.3B across 2 rounds since 2025. Investors include MGX. Every round with its source.

Source: https://millionrounds.com/company/mistral (Millionrounds; every figure on the page links to its filing or article)

France · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Mistral*

2 rounds we have observed, with the one investor 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.

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Funding summary Updated 5 Nov 2026

**$3.3B** raised across 2 rounds since 2025, from 2 sources

**$1.0B** Round **$2.3B** Growth

- **Latest round:** Growth, $2.3B Sept 2025
- **Step-up i:** 2.3×
- **Investors:** 1

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

**$1.0B** Round

**$2.3B** Growth

- **First round:** Round, $1.0B
- **Biggest round:** $2.3B
- **Between rounds:** 2 months

[**Mistral** AI 1 / 7 Their pitch deck **Mistral's pitch deck, 7 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/mistral)

## The rounds

- **Sept 2025** Growth **$2.3B** No investor was named in the report. Reported by TechStartups
- **Jul 2025** Round **$1.0B** *1 new* [MGX](https://millionrounds.com/fund/mgx) Reported by TechCrunch

## Founders and team

From Mistral's own website: 3 founders.

**Arthur Mensch** Co-founder and CEO.

**Guillaume Lample** Co-founder and Chief Science Officer.

**Timothee Lacroix** Co-founder and CTO.

## Everyone who backed them

[MGX](https://millionrounds.com/fund/mgx) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mistral).

## Also claim to have backed them

This firm lists Mistral as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[SheBoot](https://millionrounds.com/fund/sheboot) Angel network Per its own site

## Quick answers about Mistral

### Who invested in Mistral?

Mistral's investors include MGX.

### How much has Mistral raised?

Mistral has raised $3.3B across 2 rounds since 2025.

### When did Mistral last raise?

Mistral's most recent round was a Growth of $2.3B in Sept 2025.

### What was Mistral's biggest round?

Its most recent round, $2.3B in Sept 2025, is also its largest on record.

### Who backed Mistral first?

Mistral's first round on record, in Jul 2025, was backed by MGX.

### What stage is Mistral at?

Mistral's latest named round is a Growth, in Sept 2025.

### Where is Mistral based?

Mistral is based in France.

## Companies like Mistral

In the same sector, and raised in the last eighteen months.

[**Fundbot** $2.6M · Oct 2026](https://millionrounds.com/company/fundbot)[**Koddex** $3.4M · Oct 2026](https://millionrounds.com/company/koddex)[**Pigment** $483M · Oct 2026](https://millionrounds.com/company/pigment)[**Wiremind** $39M · Oct 2026](https://millionrounds.com/company/wiremind)[**Verso** $6.0M · Oct 2026](https://millionrounds.com/company/verso)[**Inbolt** $29M · Oct 2026](https://millionrounds.com/company/inbolt)

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