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December 27, 2023

Bizay Secures €18M to Digitize the Industry in a $850 Billion Market

A vibrant operating and supply chain system that unleashes a tidal wave of innovation in product customization, Bizay

In a resounding declaration of its global ambitions, the custom products platform Bizay has just unveiled a triumphant €18 million Series C2 funding round. Stepping into the colossal realm of customization, Bizay aims to disrupt the fragmented $850 billion industry, predominantly entrenched offline. Today, we unravel the narrative of Bizay's journey to digitize and revolutionize a legacy sector, becoming the vanguard of change in the custom products domain.

The custom products landscape, despite its enormity, has long lingered in the shadows of fragmentation and offline operations. Bizay emerges as a beacon of change, introducing a global operating and supply chain system for product customization. By creating the world's most extensive catalog of custom products, Bizay is on a mission to bring digital innovation to an industry steeped in tradition.

Bizay's platform isn't just a technological marvel; it's a game-changer for customers seeking personalized products – from merchandising and packaging to apparel and beyond. Fueling this revolution is a cutting-edge batching technology, a backbone that propels more than 50 percent cost savings across a vast array of over 50,000 products and numerous categories.

José Salgado, Bizay's Chief Growth Officer, reflects on the journey, stating, "We have come a long way. We have built software and platforms that have proven results. We are thrilled that Indico and other investors support our ambition for a global footprint." The sentiment echoes Bizay's determination to transcend boundaries and make a lasting impact on the customization landscape.

Indico Capital Partners takes the lead in this funding round, joined by Iberis and Lince. Stephan Morais, Managing General Partner at Indico Capital Partners, affirms Bizay's unparalleled scale and reach in the customized products industry, particularly in supply chain partnerships across Europe and South America. The vision extends to the US market, and the investment heralds a strategic move to execute a robust expansion plan.

With the announcement of this funding round, Bizay's financial ascent surpasses €72 million, a testament to its transformative journey in the custom products sector. This injection of funds isn't just about numbers; it symbolizes a commitment to reshaping an industry, unlocking new possibilities, and leaving an indelible mark on the ever-evolving canvas of customization. As Bizay navigates the path ahead, fueled by its vision and backed by visionary investors, the world watches as a new era in customization takes center stage. The story of Bizay is far from concluded; it's the prelude to a chapter that promises innovation, growth, and a digital revolution in the heart of the custom products industry.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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