B2B firm Zetwerk in talks to raise $35 million - News Summed Up

B2B firm Zetwerk in talks to raise $35 million


Zetwerk, a business-to-business marketplace for custom manufacturing, is in talks to raise $35 million as part of its series B equity financing round, led by venture capital firms Lightspeed Venture Partners and Greenoaks Capital, said two people close to the deal, requesting anonymity. Zetwerk last raised $9 million in a Series A round from Accel, Sequoia and Kae in March 2019. It followed a $1.2 million seed funding round from Kae and Sequoia in August 2018. “The Series B round will also see participation from its existing VC investors, Sequoia Capital, Accel Partners and Kae Capital," one of the people cited above said. Lightspeed and Greenoaks Capital did not respond to emailed queries.


Source: Mint October 21, 2019 17:15 UTC



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