French startup Mistral just raised €3 billion at a €21 billion valuation—the biggest round by a private European tech firm, backed by Samsung and PSG Equity episode artwork

EPISODE · Sep 8, 2026 · 9 MIN

French startup Mistral just raised €3 billion at a €21 billion valuation—the biggest round by a private European tech firm, backed by Samsung and PSG Equity

from Onpode

On September 8, 2026, Paris-based Mistral AI announced the close of a €3 billion Series D funding round at a post-money valuation of more than €21 billion (approximately $24 billion), which the company described as the largest equity funding round ever completed by a privately owned European technology company.

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French startup Mistral just raised €3 billion at a €21 billion valuation—the biggest round by a private European tech firm, backed by Samsung and PSG Equity

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