Bizay raises €48.75M Series D, nears €88.6M revenue and first profit
What's the deal? Lisbon-based Bizay, a technology platform for customised products, has raised a €48.75 million ($55 million) Series D. Indico Capital PartnersDealroom has a profile for this one. Try Dealroom → led the round, with participation from Lince CapitalDealroom has a profile for this one. Try Dealroom →, CedrusDealroom has a profile for this one. Try Dealroom →, and BPFDealroom has a profile for this one. Try Dealroom →.
What does the company do? Founded in 2013 by Sérgio VieiraDealroom has a profile for this one. Try Dealroom →, José SalgadoDealroom has a profile for this one. Try Dealroom →, and Jorge Correia, Bizay operates what it claims is the world's largest catalogue of customised products. It uses software to simplify production, which it says cuts costs by 80%, and serves hundreds of thousands of clients across 17 countries.
Why it matters: The round ranks in the top 43% of comparable European deals by size. It also lands as Bizay approaches €88.6 million in annual revenue for the first time — and its first profitable year.
What's the endgame? Bizay plans to split the capital across three fronts: accelerating its US operation, which it calls the world's largest market for customised products; consolidating a fragmented sector through acquisitions; and building AI infrastructure spanning catalogues, production, and customer service.
"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," said Vieira, chief executive officer and co-founder.
Why now? The company had already raised about €72 million by late 2023 via its Series C2, aimed at pushing into the US. This round extends that push. Stephan de MoraesDealroom has a profile for this one. Try Dealroom →, managing general partner at Indico, said the capital gives Bizay "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."
The signal: Bizay's raise reflects a wider pattern of customised-products and SME commerce startups securing larger follow-on rounds to fund expansion rather than growth at all costs. In a market where many peers are still asked to prove capital efficiency, a credible path to profitability now stands out.
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Image credit: Generated with Gemini
