Torres Vedras Platform Bizay Raises €48.75 Million to Push Into the United States

A Portuguese technology company most people have never heard of has just raised one of the country's largest venture rounds of the year to take on the United States. Bizay, the custom-products platform based in Torres Vedras and known to Portuguese customers as 360imprimir.pt, has closed a €48.75 million Series D — money it will pour into artificial-intelligence infrastructure and a push into the American market. The round lands as the company crosses a symbolic threshold: for the first time, it has passed €100 million in revenue and turned a profit.

The financing was led by Índico Capital Partners, with participation from Lince Capital, Cedrus and the state-backed Fundo de Capitalização e Resiliência (the Capitalisation and Resilience Fund), the vehicle managed by Banco Português de Fomento (the Portuguese Development Bank). It dwarfs the €18 million Bizay raised in December 2023 and marks a vote of confidence in a business model that has, until now, kept a relatively low profile despite operating in more than 50 countries.

A quiet giant in a fragmented market

Founded in 2014 by Sérgio Vieira, José Salgado and Jorge Correia, Bizay sells customised products — printed materials, promotional goods and the like — to small and medium-sized businesses, handling design, production and delivery through a technology layer that stitches together a sprawl of suppliers. Its opportunity, the company argues, lies in the sheer disorganisation of its sector: the global market for customised products is worth an estimated €800 billion and remains highly fragmented, dominated by small local printers and workshops with little digital infrastructure. Bizay's pitch is to consolidate that chaos behind a single platform.

"We publicly stated we would reach €100 million. We're delivering — and for the first time, with profit," Vieira said, framing the round as validation rather than rescue. The new capital will fund AI systems across catalogue management, production and customer support, and bankroll expansion in the United States, where the fragmented market mirrors the one Bizay has spent a decade learning to navigate in Europe.

What This Means for Residents

• Portugal's startup scene is maturing. A profitable, revenue-generating company raising nearly €50 million signals a shift from cash-burning bets toward sustainable local tech champions.
• State money is in the mix. The Development Bank's participation shows public capital increasingly backing scale-ups, part of a broader effort to keep Portuguese success stories headquartered at home.
• Jobs and demand for talent. An AI-and-US expansion drive typically means hiring in engineering and operations — relevant for skilled residents and new arrivals in the tech sector.

Whether Bizay can replicate its European playbook across the Atlantic is the open question — the US customisation market is vast but fiercely competitive. For now, the raise stands out as a rare Portuguese scale-up story that pairs ambition with actual profit, and a reminder that some of the country's most consequential companies are the ones operating well outside the headlines.