Samsung and EU Fund Co-Lead as Mistral Closes €3 Billion Series D to Set European Tech Funding Record—But Valuation Still 40x Behind US Rivals
Mistral AI has completed a €3 billion Series D, the largest single equity round for a European tech company, led by Samsung, EQT-managed Scaleup Europe Fund, and PSG Equity. The round values Mistral at over €21 billion, but it remains about one-fortieth the valuation of US rivals Anthropic and OpenAI.