Mutua Madrileña and Banco Sabadell's InnoCells unit provided half of a $23.2m round for Antai Venture Builder.

Spain-based venture builder Antai has received €20m ($23.2m) in funding from investors including insurance provider Mutua Madrileña and InnoCells, the digital innovation arm of financial services firm Banco Sabadell, Finextra has reported.

Mutua Madrileña and InnoCells each supplied €5m and the other half of the funding came from Antai’s founders and assorted family offices.

Antai partners with entrepreneurs to build startups, putting up funding as well as offering business development, financial and legal advice. Its ventures include hyperlocal e-commerce platform…