Bizay has raised €32 million in a Series C funding round led by Indico Capital and the European Investment Bank to enhance its product offerings and expand its market presence in the customized products sector for SMBs.

Information on the Target

Bizay, founded in 2013, is a prominent Portuguese technology startup specializing in a customized products marketplace aimed at small and medium-sized businesses (SMBs). With a unique platform, Bizay strives to meet the specific needs of these businesses by providing essential products such as merchandising, packaging, consumables, business essentials, decorations, and uniforms at a fraction of the cost while maintaining professional quality.

The company has successfully expanded its operations to cater to over one million SMB clients across 21 markets in Europe and America, bolstered by three production hubs located in Europe, Brazil, and North America. The latest €32 million Series C financing round will facilitate the further development of Bizay's offerings and enhance its competitive standing in international markets.

Industry Overview in Portugal

The market for customized products has significantly evolved in Portugal, driven by the increasing demand from SMBs seeking personalized solutions tailored to their specific operational needs. The