Black Forest Labs

Multimedia and Design Software · Freiburg im Breisgau, Germany · Founded 2024 · Privately Held (backing)

Developer of a visual intelligence platform designed to enable high-fidelity image generation and image editing from text and reference inputs. Black Forest Labs is based in Freiburg im Breisgau, Germany and was founded in 2024. It was valued at $4 billion at its early-stage round in Dec 2025, the last priced event on record. It has raised $457 million across 1 recorded round; the latest was a $300 million Series B in Dec 2025.

PMV mark · valuation
$4.0B
Oct 2026
Priced at
its early-stage round
Dec 2025
Total raised
$456.9M
Last round
Early Stage VC (Series B)
Dec 2025
What is Black Forest Labs worth?
$4.0BPrivateMarketView mark · Oct 2026

Valued at $4.0B at its early-stage round, Dec 2025. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Black Forest Labs funding history

1 rounds
DateRoundRaisedPost-money
Dec 2025Early Stage VC (Series B)$300.0M▮
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Black Forest Labs valuation

Black Forest Labs was valued at $4 billion at its early-stage round in Dec 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Black Forest Labs raised?

Black Forest Labs has raised $457 million in total; 1 of its rounds is on record. The largest on record was a $300 million Series B in Dec 2025.

Comparable companies

Comparable multimedia and design software names by valuation on PrivateMarketView: World Labs ($5.4 billion), Runway AI ($5.3 billion) and Luma AI ($4 billion).

How Black Forest Labs's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Black Forest Labs, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Black Forest Labs

What is Black Forest Labs worth?
Black Forest Labs is valued at $4.0B as of Oct 2026. Valued at $4.0B at its early-stage round, Dec 2025. Nothing has traded since.
How much has Black Forest Labs raised?
Black Forest Labs has raised $456.9M in total funding across 1 recorded rounds.
When did Black Forest Labs last raise?
Black Forest Labs last raised in Dec 2025 (Early Stage VC (Series B)), raising $300.0M.