Mutua Ventures takes a 10% stake in Spanish AI financing platform Alter5

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

Mutua Ventures, Grupo Mutua's investment vehicle, has bought 10% of Alter5, a Spanish platform that applies artificial intelligence to capital markets and institutional investment. No price was given.

Alter5 arranges corporate financing for SMEs and midcaps, partly for the energy transition, and funding for renewable-energy and infrastructure projects. It has originated and placed over €300 million and has had European Investment Fund backing since 2021.

Andrés Sánchez, Mutua Madrileña's head of corporate venture capital, cited EBITDA profitability and "no balance-sheet risk", not always the first things an AI pitch mentions.