Source: Zeta GlobalZeta Global today said it raised $140 million in a large late-stage equity and debt funding round that appears to set up the marketing cloud company for an eventual initial public offering or acquisition. The funding, according to sources close to the company, hikes the company’s valuation, already in unicorn territory from a previous round, to $1.3 billion. Zeta doesn’t provide revenue but said it rose 50% last year from its existing business and acquisitions. “If the IPO path makes sense, that’s something that could be considered over the next year,” Sculley said in an interview. On the other hand, he said, another company could acquire Zeta, continue adding acquisitions to it and build a “multibillion-dollar company.”

Source: Forbes April 27, 2017 11:26 UTC