Mistral AI

Raised €1.7B (~$2B USD). Led by ASML (invested €1.3B, ~$1.5B, for ~11% stake). Other investors: DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, Nvidia. Post-money valuation €11.7B (~$13.8B). Largest-ever VC round by a European AI company per Crunchbase. ASML CFO Roger Dassen joined Mistral's strategic committee board.

Raised €600M (~$640M USD), comprising ~€468M equity and ~€132M debt. Led by General Catalyst and DST Global. Other investors: Lightspeed, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corp., Salesforce Ventures, Cisco, IBM, Bpifrance, BNP Paribas, Belfius, Bertelsmann, Eurazeo, Headline, Hanwha, Korelya Capital, Millennium New Horizons, Sanabil, ServiceNow, SV Angel. Post-money valuation €5.8B (~$6.2B).

Microsoft invested €15M (~$16.3M) as part of a strategic partnership that included making Mistral models available on Azure. Investment structured as part of the Series A round (extension), to convert into equity in the next round. Valuation unchanged at ~$2.1B. EU regulators examined the deal.

Raised €385M (~$415M USD). Led by Andreessen Horowitz (a16z), with Lightspeed, General Catalyst, Salesforce, BNP Paribas, CMA-CGM, Conviction, Elad Gil, Salesforce Ventures, and others. Post-money valuation ~€2B (~$2.1B). Mistral also opened its commercial developer platform on this date.

Largest seed round in European history at the time. Investors included Lightspeed Venture Partners (lead), Eric Schmidt, Xavier Niel, JCDecaux, Index Ventures, Redpoint Ventures, Motier, La Famiglia. Pre-product round; valuation ~$260M per FT. Raised €105M (~$113–117M USD).