Series B

Series B is the second major round of financing for a business, following Series A, typically involving a more mature company with substantial market traction, revenue, and a clear path to profitability or further market dominance. Companies raising a Series B are generally past the initial growth spurt and are looking to accelerate their expansion, penetrate new markets, or develop new product lines. This round often sees participation from existing Series A investors, new venture capital firms, and sometimes private equity investors.