BIZAY Raises €48.75 Mn in Series D Round led by Indico Capital Partners

The funding round was led by existing investor Indico Capital Partners, with participation from Lince Capital, Cedrus, and BPF. BIZAY is expected to surpass €87.4 million ($100 million) in annual revenue for the first time and achieve its first profitable year.

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“We publicly stated that we were going to reach €100 million. We are delivering on that promise — and, for the first time, with a profit. This proves that we have built a platform that scales with economic discipline. It is this solidity that now allows us to take the next step: consolidating the global customisation market and accelerating in the United States, starting from Portugal,” stated Sérgio Vieira, CEO and co-founder of BIZAY.

Stephan de Moraes, Managing General Partner at Índico Capital Partners, said, “Over the years, Bizay has evolved from an agile e-commerce model into a true mass-customisation technology infrastructure serving hundreds of thousands of clients internationally. Attracting this new investment marks a crucial transition in the company’s strategy.

“At Índico, we have always believed in Bizay’s strong scaling potential, and this capital now gives them the balance and financial robustness needed not only to accelerate their strong organic growth, but also to lead the consolidation of the sector through strategic acquisitions in several countries.”

Founded in 2013 by Sérgio Vieira, José Salgado and Jorge Correia, BIZAY is a technology platform that offers a wide range of customised products. The company says it has the world's largest catalogue in this market. Its founders were the first entrepreneurs from Portugal to join the Endeavor Entrepreneurs network.

BIZAY helps small and medium-sized businesses (SMEs) improve their marketing and communication. The company offers high-quality customised products at affordable prices by using advanced software to simplify production, helping reduce production costs by up to 80%.