Funding round
Mistral AI Series A
Mistral AI, which works in AI platform development in Paris, raised $414M in a Series A round announced on 11 Dec 2023, led by Andreessen Horowitz. 9 firms took part. It is Mistral AI's second venture round on record; the one before was a Seed in Jun 2023.
$414M
Amount raised
385,000,000 EUR converted
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Mistral AI did not disclose a valuation in this round; its last disclosed one was $260M at the Seed (Jun 2023). It came 6 months after Mistral AI's Seed. It is 6.2% of the $6.67B Mistral AI has raised in the venture rounds on record. Mistral AI raised again 6 months later: a Series B round of $644M in Jun 2024, at $6.20B post-money.
Mistral AI's funding rounds
Mistral AI has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 13 Jun 2023, led by Lightspeed Venture Partners $113M$260M post-money
- Series A this round 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
Andreessen Horowitz led the round with 8 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- backs 50 venture-backed companies new investor
- BNP Paribas new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 41 venture-backed companies new investor
- New Wave new investor
- Sofina backs 45 venture-backed companies new investor
Comparable rounds
How it compares
113 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was 28 times the median. The closest in time, other companies' Series A rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 15 Dec 2023 | $48M | $1.00B | Lightspeed Venture Partners |
| Software Development Services | 20 Dec 2023 | $11M | not disclosed | Faction |
| Software Development Services | 7 Dec 2023 | $6.8M | not disclosed | Eos Venture Partners |
| Software Development Services | 13 Dec 2023 | $5.0M | not disclosed | Samsung Venture Investment |
| Software Development Services | 1 Nov 2023 | $30M | not disclosed | not named |
| Software Development Services | 15 Nov 2023 | $21M | not disclosed | not named |
| Software Development Services | 25 Jan 2024 | $20M | not disclosed | Paradigm and Standard Crypto |
| Software Development Services | 30 Nov 2023 | $19M | not disclosed | Forgepoint Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Mistral AI raise in its Series A round?
Mistral AI raised $414M in its Series A round, announced in Dec 2023.
Who led Mistral AI's Series A round?
Andreessen Horowitz led it, with Lightspeed Venture Partners, Salesforce Ventures, Motier Ventures, BNP Paribas and General Catalyst and 3 more.
What was Mistral AI's valuation at the Series A round?
It was not disclosed; its last disclosed one was $260M at the Seed (Jun 2023).
How does it compare with other Series A rounds in Software Development Services?
113 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was 28 times the median.
Did Mistral AI raise again after this round?
Yes: a Series B round in Jun 2024 of $644M at $6.20B post-money.