signal/raiseTrack rounds

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Scaleup Europe Fund

Focus: AI, Defence & space, Enterprise software

Scaleup Europe Fund took part in 4 of the startup funding rounds we tracked in 2026, leading or co-leading 4 worth $4.6bn. By money raised, its biggest sectors were AI and Defence & space. The largest was Mistral AI's $3.5bn Series D+ round. The most recent was Pigment's Series D+ round in October 2026.

Deployed as lead$4.6bn

Rounds led4

Rounds joined4

Largest round$3.5bn

Rounds led (4)

Mistral AISeries D+ · AI · Paris · 8 Sep$3.5bn The Exploration CompanySeries C · Defence & space · Munich · 8 Sep$450m LovableSeries C · AI · Stockholm · 12 Aug$400m PigmentSeries D+ · Enterprise software · Paris · 21 Oct$250m

By sector

AI$3.9bn Defence & space$450m Enterprise software$250m

By stage

Series C$850m Series D+$3.75bn

Co-investors

World Innovation Lab2 rounds NVIDIA2 rounds Salesforce Ventures2 rounds DST Global2 rounds Carmignac2 rounds Greenoaks1 round ICONIQ1 round IVP1 round Meritech1 round Advent1 round