B2B manufacturing startup Zetwerk raised $150 million in Series E round at a valuation of $1.33 billion, making it the latest entrant to the unicorn club. The firm also claims to have become profitable on EBITDA level.
The round was led by New York-based D1 Capital, with venture capital firm Avenir and Mumbai-based IIFL Asset Management Ltd joining in as new investors. Existing investors including Sequoia Capital, Lightspeed Venture Partners, and Greenoaks Capital also participated in the round.
