Analysis

September 11, 2025

Is Mistral worth €12bn?

The Paris-based startup just achieved an €11.7bn valuation in one of the hottest fundraises in Europe


Mistral CEO Arthur Mensch. Philémon Henry/MEAE

French AI darling Mistral announced earlier this week it had closed a hefty €1.7bn Series C at an €11.7bn post-money valuation — effectively marking the startup’s entrance into the small pool of European private tech companies (and the only French one) to have hit a double-digit billion-euro valuation. 

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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