# Carmignac: portfolio, investments and team > Carmignac is a growth equity based in France. 2 investments on record, 2 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/carmignac (Millionrounds; every figure on the page links to its filing or article) France · [Investor](https://millionrounds.com/investors) # Carmignac Last cheque observed Sep 2026; 2 cheques on record. Email Deploying now Growth equity Series C Series D Follow Carmignac and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcarmignac) Deploying now **100%** of best year **2** **cheques in 12 months**, 2 on record Since the last cheque **53** days **00** hrs **00** min **00** sec Median round **$1.9B** Rounds led **0 of 2** Pitch Carmignac ## Carmignac highlights - 01 2 cheques in the last 12 months - 02 Mostly Series C and Series D: 100% of its rounds ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Based in:** PARIS, France - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 2 rounds - **Sept** **[Mistral AI](https://millionrounds.com/company/mistral-ai)** Series D · FR · Samsung Catalyst Fund **$3.5B** With 23 others - **Aug** **[Lovable](https://millionrounds.com/company/lovable)** Series C · SE · Menlo Ventures **$400M** With 17 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The cheque Series C Series D Median round joined **$1.9B** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series C *1* - Series D *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [DST Global](https://millionrounds.com/fund/dst-global) 2 - [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) 2 - [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) 2 **Pitching Carmignac?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Carmignac. A count of rooms they were both in, not a relationship either has claimed. [**DST Global** Private equity **2** rounds together](https://millionrounds.com/fund/dst-global)[**Salesforce Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/salesforce-ventures)[**Scaleup Europe Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/scaleup-europe-fund) ## Recently backed The latest companies Carmignac put money into. [**Mistral AI** $3.5B · Sept 2026](https://millionrounds.com/company/mistral-ai)[**Lovable** $400M · Aug 2026](https://millionrounds.com/company/lovable) ## Quick answers about Carmignac ### What does Carmignac invest in? Carmignac invests most often at Series C and Series D (100% of the rounds on record). ### How active is Carmignac? 2 investments on record, 2 of them in the last 12 months. The most recent was in Sept 2026. ### What has Carmignac invested in recently? Its most recent investments on record: Mistral AI (Series D, Sept 2026) and Lovable (Series C, Aug 2026). ### How big are Carmignac's cheques? The median round it joins is $1.9B. ### Is Carmignac investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Carmignac invest alongside? Most often DST Global (2 rounds together), Salesforce Ventures (2 rounds together) and Scaleup Europe Fund (2 rounds together). ### What kind of investor is Carmignac? Carmignac is a growth equity firm based in PARIS, France. ### When was Carmignac founded? Carmignac was founded in 1989. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=carmignac) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=carmignac)