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Alter Capital Desarrollo

Alter Capital Desarrollo

Alter Capital Desarrollo (Alter Capital) is an independent, CNMV-regulated private equity and venture capital manager founded in 2000 and based in Seville. It invests in the Spanish lower-middle-market, backing SMEs mainly in Andalusia through growth capital, buyouts and venture-style participative loans, and manages regional funds co-financed by the Junta de Andalucia alongside a national ICO-backed vehicle, with additional offices in Madrid and Malaga.

AUM
Funds
3
vintages 2018–2022
Portfolio
7
Exits
1

Key facts

HQSeville, Spain
Founded2000
Employees11+

Recent exits

Clever Global
Software2024 · 8yr hold

Coverage notes

3 funds tracked, 8 portfolio companies (7 active · 1 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

8 companies
Consumer
3 · 38%
Industrials
1 · 13%
Hospitality
1 · 13%
EdTech
1 · 13%
Software
1 · 13%
Healthcare
1 · 13%

Funds & portfolio

Every fund Alter Capital Desarrollo has raised, with its portfolio companies. Hand-checked from public filings.

3 funds
Alter Cap III Ventures FCRGrowth
2022 · 4yr3 active

Unrealized

3 held
ABK Group
ABK GroupActive
IndustrialsItaly· Entry 2024
VilagalloActive
ConsumerSpain· Entry 2025
Wifit Gym
Wifit GymActive
ConsumerSpain· Entry 2024
Alter Cap Andalucía FCRGrowth
2021 · 5yr€15M3 active

Unrealized

3 held
KampaohActive
HospitalitySpain· Entry 2021
Trending
TrendingActive
ConsumerSpain· Entry 2023
Wuolah
WuolahActive
EdTechSpain· Entry 2022
Alter Cap II SCRGrowthHarvesting
2018 · 8yr€12M1 active · 1 realized

Unrealized

1 held
HealthcareSpain· Entry 2015

Realized

1 exit
Clever GlobalExited 2024
SoftwareSpain· Entry 2016
Trade Saleto
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Last updated August 2026 · Sourced from public filings · Report an issue