BIZAY Funding, Investors & Competitors

BIZAY has raised $139M across 6 funding rounds, most recently a $55M Series D in July 2026.

See full BIZAY profile

Last BIZAY funding round

$55M

Series D · Jul 2026

Cumulative funding BIZAY raised

$139M

across 6 funding rounds

Key investors in BIZAY

  • Omnes Capital
  • Indico Capital Partners
  • Pathena
  • Iberis Capital
  • Lince Capital
  • LeadX Capital Partners
  • Shilling VC
  • European Investment Bank

BIZAY Overview

About BIZAY

BIZAY is a Barcelona-headquartered technology platform operating in Europe, North America, and South America that powers product customization for brands and manufacturers. It supports categories like promotional items, bags, home goods, fashion, and beauty products through B2B2C, B2B, and Customization-as-a-Service models. Partnerships with inclusive suppliers like ACRIL emphasize sustainability via recycled materials and waste reduction.


Founded

2013

HQ

PortugalLisbon

Website

bizay.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

BIZAY Funding History

BIZAY has raised a total of $139M across 6 funding rounds.

BIZAY's first fundraising round was a $300K seed round in March 2015. The most recent completed round was a $55M Series D in July 2026.

BIZAY funding rounds

BIZAY funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2026Series DIndico Capital Partners (lead); Lince Capital; Banco Portugues de Fomento; Cedrus Capital$55MBizay raised €48.75 million ($55 million) in a Series D funding round on July 7, 2026, led by existing backer Indico Capital Partners with participation from Lince Capital, Cedrus, and Banco Português de Fomento (BPF), Portugal's state development bank. The round is designated as an "up round" with the majority of capital being primary investment into the company rather than secondary payouts to existing shareholders. Strategic use of funds includes accelerating US operations in the world's largest customized-products market, funding acquisitions across the fragmented €800 billion global sector, and extending AI systems for catalogue management, production routing, and customer support. Bizay, a Lisbon-based technology platform for customized products and marketing services operating the world's largest catalogue of such products, is projected to surpass €87.4 million in annual revenue for the first time and post its first profitable year in 2026. BPF previously supported Bizay in 2019 through the Fundo 200M, and its presence on the cap table anchors public capital to keep headquarters, platform engineering, and the tax base in Lisbon long-term.
Dec 2023Series CIndico Capital Partners (lead); Lince Capital; Iberis Capital$20MBizay is a Lisbon-based platform digitizing the custom products industry, valued at over $850 billion annually, by providing a global operating and supply chain system for product customization. It enables small and medium-sized businesses (SMBs) to create personalized items like garments, merchandising, packaging, and other branded products through an online marketplace with batching technology that delivers over 50% cost savings across more than 50,000 products in dozens of categories. The platform serves over one million SMBs in 21 countries across Europe and America, aiming to become the 'Amazon' for custom products such as merchandising, packaging, consumables, business essentials, store decorations, and staff uniforms. On December 22-23, 2023, Bizay raised approximately €18 million ($19.8 million) in a Series C2 funding round led by Indico Capital Partners, with participation from Iberis Capital and Lince Capital. This follows a prior €32 million Series C round co-led by Indico and the European Investment Bank, supported by Iberis and others including LeadX, Omnes, and Pathena. The C2 round brings Bizay's total funding to over €72 million ($79 million), with funds allocated to accelerate product development, expand the catalog to 100,000 products, consolidate international presence, and enter the U.S. market by replicating its supply chain partnerships from Europe and South America. Indico's Managing General Partner Stephan Morais highlighted Bizay's unparalleled scale in the customized products sector, expressing confidence in U.S. expansion. Bizay's Chief Growth Officer José Salgado emphasized the proven software platform and investor support for global ambitions. The company focuses on tech-led organic growth amid the shift to online customizable products accelerated by the health crisis.
Dec 2020Series CEuropean Investment Bank (lead); Indico Capital Partners (lead); Pathena; Omnes Capital; Iberis Capital; LeadX Capital Partners$39MBIZAY is a Lisbon-based tech-enabled B2B marketplace for customized products such as merchandising, packaging, consumables, business essentials, store decorations, and staff uniforms, targeting SMBs primarily in Europe and America. The company leverages idle production capacity from partners and aims to become the 'Amazon' for SMB customized product needs, selling to over one million SMBs across 21 countries at the time of the round. It operates as an enterprise growth-stage company founded around 2020. On December 3, 2020 (approximate to March 12 query date), BIZAY raised €32 million (equivalent to $38.6M in sources) in a Series C round led by Indico Capital Partners and the European Investment Bank, with participation from Iberis Capital, LeadX Capital Partners, Omnes Capital, and Pathena. Torch Partners acted as exclusive financial advisor. The funds are intended to fuel product expansion toward 100,000 products on the platform, further software development including AI modules, growth strategy, geographical diversification, and later US market entry via an additional €18M raise. EIB provided venture debt under the European Growth Finance Facility (EGFF) to support platform enhancements and expansion. Indico Capital lists BIZAY as an active portfolio company in the enterprise sector headquartered in Lisbon.
Apr 2019Series BLeadX Capital Partners (lead); Pathena (lead); PME Investimentos (lead); Omnes Capital$20M-
Sep 2016Series AOmnes Capital (lead); Pathena (lead)$5M-
Mar 2015SeedShilling VC (lead)$300K-

Who has invested in BIZAY?

11 investors have backed BIZAY across its funding rounds, including Omnes Capital, Indico Capital Partners, Pathena, Iberis Capital, Lince Capital and LeadX Capital Partners.

Lead investors include Indico Capital Partners, European Investment Bank, LeadX Capital Partners, Pathena, PME Investimentos and 2 other investors.


BIZAY Investors

Investors in BIZAY by funding rounds participated
InvestorHQRoundsRoleFirst check
PathenaPortugalPorto3LeadSep 2016
Omnes CapitalFranceFrance3LeadSep 2016
Indico Capital PartnersPortugalLisbon3LeadDec 2020
Lince CapitalPortugalLisbon2ParticipantDec 2023
Iberis CapitalPortugalLisbon2ParticipantDec 2020
LeadX Capital PartnersGermanyMunich2LeadApr 2019
PME InvestimentosPortugalPorto1LeadApr 2019
Banco Portugues de FomentoPortugalPorto1ParticipantJul 2026
European Investment BankLuxembourgLuxembourg1LeadDec 2020

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BIZAY Competitors

BIZAY competitors include listed companies like THG and Shopify, and private ones like Salla, THG Ingenuity, Automattic and Houzz.

Public and private companies comparable to BIZAY
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SallaSaudi ArabiaMeccaPrivate--$1B-
THGUnited KingdomUnited KingdomPublicly listed$2.3B$133M$573M0.5x
ShopifyCanadaCanadaPublicly listed$12B$1.2B$165B11.3x
THG IngenuityUnited KingdomManchesterPrivate--$8B-
AutomatticUnited StatesSan Francisco, CAPrivate$45M-$7.5B-
HouzzUnited StatesSan Francisco, CAPrivate--$4B-

BIZAY Public Comps

BIZAY is still privately-owned, but its public comps include Alibaba Group, Shopify, Carvana, Shein, JD Health, Wayfair, GoDaddy, Lenskart, Chewy and Zozo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Shopify$12B$1.2B13.9x11.3x132.9x61.9x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x
Shein$42B$2.3B0.2x-3.5x-
JD Health$11B$713M0.6x0.6x9.8x8.6x
Wayfair$12B$120M1.3x1.2x136.4x19.8x
GoDaddy$5B$1.3B3.1x2.9x11.7x8.9x
Lenskart$916M$189M13.3x11.6x64.8x55.5x

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Common questions about BIZAY

When was BIZAY founded?BIZAY was founded in 2013.
Where is BIZAY headquartered?BIZAY is headquartered in Lisbon, Portugal.
Is BIZAY publicly listed?No, BIZAY is a private, VC-backed company.
How much funding has BIZAY raised?BIZAY has raised $139M across 6 funding rounds.
What was BIZAY's last funding round?BIZAY's last funding round was a $55M Series D in July 2026, led by Indico Capital Partners.
Who are BIZAY's investors?BIZAY's investors include Pathena, Omnes Capital, Indico Capital Partners, Lince Capital, Iberis Capital, LeadX Capital Partners, PME Investimentos, Banco Portugues de Fomento, European Investment Bank, Cedrus Capital and 1 other.
Which companies are comparable to BIZAY?Companies comparable to BIZAY include Salla, THG, Shopify, THG Ingenuity, Automattic and Houzz.

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