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SearchThe investment vehicle of Mutua Madrileña is taking a stake in the Spanish platform applying artificial intelligence to capital markets. Alter5 says it has originated and distributed more than €300 million in financing; the financial terms of the deal have not been disclosed.
Mutua Ventures, the Mutua Group’s investment vehicle for innovative companies, has acquired a 10% stake in Alter5, a Spanish platform that applies artificial intelligence to capital markets and institutional investment. The deal aims to support the development of Alter5’s business and technology, as well as accelerate its expansion plans. The financial terms of the investment have not been disclosed.
Founded in 2021 by Salvador Carrillo and Miguel Solana, Alter5 operates as digital infrastructure for channeling financing to companies and projects. Its activities include corporate financing for SMEs and mid-cap companies, and the structuring of transactions related to renewable energy and infrastructure.
The company works on transactions related to business expansion plans and areas such as the energy transition and sustainability. It also covers projects in renewable energy, energy storage, mobility, data centers, and infrastructure. Its model involves identifying opportunities, structuring financing, and distributing it among institutional investors.
According to figures disclosed by the company and Mutua, Alter5 has originated and distributed more than €300 million in financing and capital since its creation. This figure describes the volume of transactions processed by the platform; the published information does not break it down by sector or allow it to be equated with Alter5’s revenue or its own financing.
The company says it has a base of institutional investors—including banks, debt funds, asset managers, insurers, and pension funds—and has received support from the European Investment Fund since 2021, with new guarantee programs available since this year, according to published coverage.
Andrés Sánchez, head of Corporate Venture Capital at Mutua Madrileña, described Alter5 as an innovative offering in a market with growth potential. He also highlighted its model, which does not carry balance-sheet risk, and said the company is profitable, with positive EBITDA and earnings. These statements reflect the assessment expressed by Mutua’s spokesperson and are not a detailed independent verification in the information available.
Miguel Solana, co-founder of Alter5, presented Mutua’s investment as an endorsement of the company’s model and growth prospects. He argued that the firm’s technology can expand the origination and distribution capacity of entities seeking to invest in real assets and alternative financing, and reduce their reliance on manual processes and fragmented networks. These are Solana’s assessments of the company’s offering, not quantified results of the announced transaction.
The transaction expands the portfolio of Mutua Ventures, established in 2022 to invest in emerging and innovative companies, primarily digital or technology-focused. The published information does not specify the rights attached to the acquired stake or other corporate governance terms, so the scope of Mutua’s investment beyond its percentage and the announced support has not been detailed.
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