Adventurees - Risk and return review
Adventurees - Returns and loss rates
Adventurees – Pros & Cons
About Adventurees
What it is
Adventurees is a small Spanish crowdfunding platform from Santa Cruz de Tenerife, set up in 2014. In March 2026 its company was renamed Alius Capital, and the platform now runs at aliuscap.com. It mainly offers shares in young Spanish companies, and since 2026 also short-term bonds. It calls itself the first regulated platform issuing shares and bonds directly on a blockchain. It publishes no figures for money raised, number of investors or completed deals; its own conflict-of-interest disclosure confirms four fundings between 2022 and 2026.
How it works
You register for free, pass the EU test for non-experienced investors and choose offers yourself. With shares, you become a part-owner of the company and earn money only if it pays dividends or is sold or listed. With bonds, the company promises a fixed interest rate and repayment on a set date. Your holding is recorded as a token in a digital wallet the platform creates for you. Offers in 2026 were a wine-and-hotel company raising shares (€1.12 million raised of up to €3.22 million, October 2026) and two 12-month bonds that completed: 12% for a Madrid company buying future invoices (€120,000) and 10% for a property development in Calella, Barcelona (€993,000). No minimum investment is published.
Returns
The only return figures are the rates promised on single bonds: up to 12% a year on a 12-month bond completed in 2026. Adventurees publishes nothing on what investors have actually earned: no average rate, no exits, no dividends and no value for the shares it has placed since 2014. So there is no way to see whether investors have made money here.
Losses and defaults
The site shows a "default rate 0%", but says nothing about what it counts, against what or when. It is not backed by the EU-standard default disclosure, and most deals are shares, where companies do not default but simply fail. No figure for failed companies or losses is published. When we checked five companies funded or listed on the platform in August 2026, two had websites that no longer worked, one of them a company of the platform's own founder. Treat the 0% as a claim, not a measured result.
What secures your money
For shares, nothing: if the company fails you can lose everything, and you rank behind all lenders. Your protections are those of the EU crowdfunding rules: a key information sheet for each offer, an entry test, and a four-day period in which non-experienced investors can cancel. The newer bonds carry security per deal: the Calella property bond is backed by a mortgage, and the 12% invoice bond by surety insurance covering up to 90%. The platform publishes no valuation, loan-to-value figure or insurer details for them, and no results from past failures. There is no buyback, reserve fund or compensation scheme.
Who runs it and its licence
Alius Capital STOs PSFP, S.L. (formerly Adventurees Capital PFP, S.L.; tax no. B76632793; Santa Cruz de Tenerife) runs the platform. Spain's market regulator, the CNMV, authorised it as a European crowdfunding service provider on 3 November 2023 (register no. 11), and it may serve investors in France. No sanction or warning was found. The company is very small and loss-making: its audited 2024 accounts show revenue of €24,000, a loss of €82,685 and €7,739 of cash at year end; two-thirds of its €140,728 equity is a tax credit that depends on future profits. The founder's own company raised money on the platform, and how that investment turned out has not been disclosed.
Fees
Registering is free, and we found no fee for investors in the platform's published price list (August 2026). The companies raising money pay the platform, and loans it manages carry a charge of 0.25% a year.
Getting your money out
Shares have no end date: you get money back only if the company is sold, listed or pays dividends. The platform's marketing says tokens can be sold at any time, but it names no market or way to do so, and its terms contain no resale rules. Its own risk warnings mention a lack of liquidity. Bonds are repaid at the end of their term, 12 months for the 2026 issues.
Our view
Return: Very High — bonds have promised up to 12% a year, but this is an offer rate and nothing earned is published. Risk: Low (higher means more risk) — the platform states a 0% default rate, which on its own would be Very Low, the lowest level; we set risk one step higher, at Low, because that figure is undefined, some funded companies appear to have stopped trading, a deal went to the founder's own company, and the operator is loss-making with little cash. Risk-return: Low — held at Low because only an advertised rate is known; with no published results, a promised rate is not enough to rate it higher.
Regulation
License / Regulation: Alius Capital STOs PSFP, S.L. (formerly Adventurees Capital PFP, S.L.) is authorised by Spain's market regulator, the CNMV, as a European crowdfunding service provider, register no. 11, since 3 November 2023; France's AMF lists it for cross-border services. It is not an investment firm, and no deposit or investor guarantee fund covers investments. No sanction or warning was found.
Functionality
For Investors
Useful Information
Yes. The company, now called Alius Capital STOs PSFP, S.L., is authorised by Spain's CNMV as a European crowdfunding service provider (register no. 11, since 3 November 2023). No guarantee fund covers your investments.
Mangopay, an electronic-money institution, holds payments in e-wallets until an offer reaches its target. After that your money is in the company's shares or bonds, recorded as tokens in a wallet the platform creates for you.
The platform does not publish a minimum. Each offer sets its own terms.
Bonds have promised up to 12% a year (2026). No results are published: no average return, exits, dividends or failures. The site claims a 0% default rate without saying what it measures; two of five funded companies we checked in August 2026 had websites that no longer worked.
Shares are not secured: if the company fails you can lose everything. Some 2026 bonds carry security, a mortgage on the Calella property bond and surety insurance of up to 90% on the invoice bond, but no valuation or insurer details are published. There is no buyback, reserve fund or compensation scheme.
Not in any documented way. The marketing says tokens can be sold at any time, but no market is named and the terms contain no resale rules. Shares pay out only on a sale, listing or dividend; bonds at the end of their term.
Registering is free and we found no investor fee in the published price list (August 2026). Companies raising money pay the platform, including 0.25% a year on loans it manages.
Your money is with Mangopay until an offer completes, and then in the company itself, not with the platform. If a company fails, shareholders are paid last and usually get nothing; bondholders depend on the security of that bond. The operator itself is small and was loss-making in 2024.
Yes. The company was renamed Alius Capital STOs PSFP, S.L. on 24 March 2026, and the platform now runs at aliuscap.com. Some registers and older pages still show the Adventurees name.
