Mistral.ai Strategic Memo

This is the Mistral strategic memo to raise their €105m seed round in 2019 led by Bessemer Ventures. They raised before they had any customers.

About Mistral

They didn’t make a pitch deck, instead they wrote a memo to raise a bonkers amount of money at their seed round!

Mistral Strategic Memo

Raising with a memo isn’t a normal thing to do and I don’t recommend it. Want to know why you shouldn’t raise with an investment memo, read this blog.

Two other startups that raised with a memo are:

• Airbase
• Rippling

You can see the strategic memo from Mistral.AI now:

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