Mutua Ventures takes 10% of Muppy in push into residential property tech
What's the deal? Mutua MadrileñaDealroom has a profile for this one. Try Dealroom → has acquired a 10% stake in MuppyDealroom has a profile for this one. Try Dealroom →, a Spanish platform specialising in residential investment and asset management, through its venture arm Mutua VenturesDealroom has a profile for this one. Try Dealroom →. Muppy currently manages a portfolio worth more than €150 million and over 750 housing units across Madrid, Barcelona, Valencia, Alicante, and Málaga.
What does Muppy do? Founded in 2021 as a coliving operator, Muppy has evolved into a platform covering the full real estate investment cycle — from spotting and acquiring opportunities to managing rentals and later divesting. It does not buy properties directly but advises private and family investors on acquisitions and integral management.
What's the endgame? With Mutua on board, Muppy aims to more than double assets under management to €400 million within two years. To get there, it plans to increase asset capture, expand geographically into new Spanish cities from 2027, and launch a wealth management division targeting large investors in rental buildings.
Who else is in? Alongside its four founders and Mutua, Muppy's shareholders include businesspeople and executives who took part in the €2.3 million funding round it closed in 2024.
The signal: The deal fits Mutua Ventures' strategy of taking minority stakes in growth companies across sectors, joining holdings such as V2CDealroom has a profile for this one. Try Dealroom →, RecomotorDealroom has a profile for this one. Try Dealroom →, and Legit.HealthDealroom has a profile for this one. Try Dealroom →. It also reflects broader institutional interest in Spanish residential rental assets and proptech platforms that aggregate and manage portfolios at scale, even as higher financing costs weigh on real estate.
Read more: Capital & Riesgo
Image credit: Kevin Krejci
