Mistral's first-check investor on the €3B round critics called a mistake

IsForAt · x · 2026-09-08

paulbz, whose fund led the first cheque into Mistral three years ago, recalls that plenty of people privately (and some publicly) called it a mistake. Mistral has now announced a €3B Series D — the largest equity round ever raised by a European tech company — and he argues the team is building an incredible business and is still just getting started.

Related event: Mistral Raises €3B Series D, Largest Equity Round in European Tech History(26 posts)→

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