The round marks an inflection point for the Portuguese company, set to reach $100 million in revenue for the first time in 2026 — and its first profitable year. Co-investment led by Indico Capital Partners, with the participation of Lince Capital, Cedrus and the Portuguese Development Bank.
Lisbon, Portugal — BIZAY, the technology platform that operates the world’s largest catalogue of customized products, today announced a $55 million growth capital round (€48.75 million). The investment is co-led by Indico Capital Partners, Lince Capital and Cedrus, together with the Capitalization and Resilience Fund, managed by Banco Português de Fomento, the Portuguese Development Bank.
The operation marks an inflection point in the company’s trajectory: in 2026, BIZAY will reach $100 million in annual revenue for the first time, and will post its first profitable year — proof that its model scales with economic discipline, not merely with capital. It is delivering on a milestone the company has pursued since its early years.
The proceeds will be allocated across three independent growth vectors: (i) accelerating its US operation, the world’s largest market for customized products; (ii) consolidating a still highly fragmented market — estimated at around $900 billion — through a build-up strategy; and (iii) building the AI infrastructure for the customs products industry, from catalogue to production and customer support, reinforcing the platform’s cost and speed advantage.
“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,” 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-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 of Banco Português de Fomento, highlights BIZAY's journey as “a clear example of how Banco Português de Fomento delivers on its mission: investing in high-potential companies, mobilising private capital and supporting them throughout the different stages of their growth. Having first invested in the company in 2019 through the 200M Fund, we are now reaffirming that commitment by participating in this funding through the Deal-by-Deal programme, under the Capitalisation and Resilience Fund. It is particularly rewarding to see BIZAY establish itself today as a company with strong growth and an expanding international footprint, demonstrating how public capital instruments, when invested alongside leading private investors, can play a decisive role in enabling Portuguese companies to become global leaders from Portugal."
