Mistral Confirms €3bn Series D at Over €21bn Valuation With Samsung Backing
Mistral confirmed a €3bn Series D at a post-money valuation above €21bn, with three co-leads and strategic backing from Samsung, Sifted reported.
The confirmation came after weeks of anticipation, according to Sifted. The publication reported that the round was led by three co-leads from around the globe and includes strategic backing from Samsung. Sifted did not name the three co-leads, and it did not disclose how much any individual investor committed, including Samsung.
Sifted reported that Mistral is doubling down on what it called the sovereignty play with the new funding. Its report was headlined with the question of why Samsung had backed the company, and it placed the strategic backing from Samsung alongside the trio of co-leads as the distinguishing feature of the round.
According to Sifted, the round is a Series D and the €21bn-plus figure is the post-money valuation. The report did not list the other participating investors, the ownership structure after the round or how Mistral intends to use the proceeds.
Editor's Summary
Mistral has confirmed a €3bn Series D at a post-money valuation of more than €21bn, a round Sifted ranks among the largest ever raised by a European technology company. The round was led by three co-leads from different regions and includes strategic backing from Samsung, with the company stressing a sovereignty argument. The identities of the co-leads and the size of individual commitments were not disclosed in the report.