Exclusive: EQT’s €5bn Scaleup Fund in talks to lead Mistral round

Sifted · 3 hours ago

Swedish investment firm EQT is in talks to lead or co-lead a Series D funding round for French AI company Mistral through its €5 billion Scaleup Europe Fund. The round values Mistral between €8 billion and €16 billion according to sources familiar with the deal. EQT's involvement as a lead investor would provide significant capital to support Mistral's continued development and expansion of its AI models and services.