Funding round
Mistral AI Seed
Mistral AI, which works in AI platform development in Paris, raised $113M in a Seed round announced on 13 Jun 2023, led by Lightspeed Venture Partners, at a $260M post-money valuation. 15 firms took part. It is Mistral AI's first venture round on record.
$113M
Amount raised
$260M
Post-money valuation
$147M pre-money
15
Investors
1 lead
43%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mistral AI at $260M after the new money. The $113M bought investors about 43% of the company. It is Mistral AI's first venture round on record, in the year it was founded (2023). It is 1.7% of the $6.67B Mistral AI has raised in the venture rounds on record. Mistral AI raised again 6 months later: a Series A round of $414M in Dec 2023. Its next priced round, a Series B in Jun 2024, valued it at $6.20B.
Mistral AI's funding rounds
Mistral AI has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 13 Jun 2023, led by Lightspeed Venture Partners $113M$260M post-money
- Series A 11 Dec 2023, led by Andreessen Horowitz $414M
- Series B 11 Jun 2024, led by General Catalyst $644M$6.20B post-money
- Series C 9 Sep 2025, led by ASML Holding NV $2.00B$13.80B post-money
- Debt not a venture round 30 Mar 2026 $830M
- Series D 8 Sep 2026, led by Samsung Venture Investment, Scaleup Europe Fund and PSG $3.50B$24.40B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 14 other firms.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- LocalGlobe new investor
- JCDecaux Holding new investor
- backs 50 venture-backed companies new investor
- backs 41 venture-backed companies new investor
- backs 163 venture-backed companies new investor
- Exor Ventures new investor
- Sofina backs 45 venture-backed companies new investor
- backs 71 venture-backed companies new investor
- Bpifrance new investor
- Xavier Niel
- Rodolphe Saadé
- Innovation Endeavors backs 110 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations, working capital and geographic expansion.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
- Geographic expansion
Comparable rounds
How it compares
244 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.5M, and this round was 32 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 30 Jun 2023 | $5.0M | not disclosed | not named |
| Software Development Services | 13 Jun 2023 | $5.0M | not disclosed | not named |
| Software Development Services | 17 Jun 2023 | $3.5M | not disclosed | not named |
| Software Development Services | 30 Jun 2023 | undisclosed | not disclosed | Silicon Gardens and daFUND |
| Software Development Services | 5 Jul 2023 | $7.6M | not disclosed | GV |
| Software Development Services | 26 May 2023 | $6.5M | not disclosed | Bessemer Venture Partners |
| Software Development Services | 11 Jul 2023 | $6.0M | not disclosed | Wing Venture Capital |
| Software Development Services | 23 May 2023 | $5.0M | not disclosed | Team8 |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Mistral AI raise in its Seed round?
Mistral AI raised $113M in its Seed round, announced in Jun 2023.
Who led Mistral AI's Seed round?
Lightspeed Venture Partners led it, with Index Ventures, Redpoint Ventures, LocalGlobe, JCDecaux Holding and Motier Ventures and 9 more.
What was Mistral AI's valuation at the Seed round?
$260M post-money ($147M pre-money).
How does it compare with other Seed rounds in Software Development Services?
244 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.5M, and this round was 32 times the median.
Did Mistral AI raise again after this round?
Yes: a Series A round in Dec 2023 of $414M.