Mistral AI raises 3 billion euros in Europe's largest-ever tech funding round despite lagging behind rivals
Mistral AI closed a €3 billion Series D led by Samsung Electronics, valuing the lab at over €21 billion.
Mistral AI raised €3 billion in what it calls the largest equity round ever by a European tech company, lifting its valuation past €21 billion after ASML valued it near €12 billion in September 2025. Samsung Electronics leads the round with EQT's Scaleup Europe Fund and PSG Equity as co-leads; new investors include Advent, BlackRock-managed funds, and Luxembourg. The company also took an $830 million loan in March to fund its own data centers and serves 125+ enterprise customers including Airbus, ASML, and HSBC. Mistral Medium 3.5 trails open rivals like Qwen and Kimi and doesn't compete with top closed US models.
- Largest equity round ever raised by a European tech company, led by Samsung Electronics.
- Valuation roughly doubled from roughly €12 billion after ASML's September 2025 investment.
- Company took an $830 million loan in March to fund its own data centers.
- Mistral Medium 3.5 trails open rivals like Qwen and Kimi; strategy leans on enterprise sales.
- Serves 125+ companies including Airbus, ASML, and HSBC across 20 countries.
- Products
- Mistral Medium 3.5
- Countries
- Luxembourg
From the original article
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Three years after launch, Mistral AI has closed a 3 billion euro Series D round, pushing its valuation past 21 billion euros. The article Mistral AI raises 3 billion euros in Europe's largest-ever tech funding round despite lagging behind rivals appeared first on The Decoder.
By Jonathan Kemper · the-decoder.com
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