EQT Ready to Boost Mistral with a €5 Billion Fund
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The Swedish investment firm EQT is in advanced discussions to lead or co-lead the upcoming Series D funding round for Mistral, a French company specializing in artificial intelligence. This initiative would be conducted through EQT's Scaleup Europe Fund, according to three sources familiar with the matter.
Mistral, which has already raised €170 million in its previous funding round, is in a phase of expansion. The company is looking to solidify its position in the booming AI market.
Negotiations for this new funding come as Mistral has already attracted interest from investors, with a valuation reaching €1 billion. This valuation reflects market confidence in Mistral's growth and innovation potential.
EQT's Scaleup Fund, with €5 billion in assets, aims to support high-growth European companies. A partnership with EQT could provide Mistral with the necessary resources to accelerate its technological development and innovations.
Although the precise details of the agreement, including the exact amount of EQT's investment, have not yet been disclosed, this potential collaboration could represent a pivotal moment in Mistral's growth journey.
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