Portuguese mass-customisation platform Bizay has secured $55 million (£41.2 million) in growth capital as it prepares to expand in the United States, pursue acquisitions and invest further in artificial intelligence.
The funding round was co-led by Indico Capital Partners, Lince Capital and Cedrus, alongside the Capitalisation and Resilience Fund, managed by Banco Português de Fomento, the Portuguese Development Bank.
The investment comes as Bizay expects to reach $100 million (£75 million) in annual revenue for the first time in 2026, while also recording its first profitable year since the business was founded in 2014.
According to the company, the funding will support three main areas: accelerating its US operation, consolidating the fragmented global customised products market through acquisitions, and developing AI infrastructure spanning catalogue management, production and customer support.
Bizay, which is headquartered in Lisbon, serves SMEs in more than 50 countries through what it describes as the world’s largest catalogue of customised products. The company estimates the global customisation market to be worth around $900 billion (£674.5 billion).
Sérgio Vieira, CEO and co-founder of Bizay, said: “We publicly stated that we were going to reach 100 million euros. 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 customization market and accelerating in the United States, starting from Portugal.”
Stephan de Moraes, managing general partner at Indico Capital Partners, said: “Over the years, Bizay has evolved from an agile e-commerce model into a true mass-customization 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.”
Teresa Fiúza, chief investment officer at Banco Português de Fomento, said the company’s progress demonstrated how public and private investment could work together to help Portuguese businesses expand internationally and become global leaders.
