Series B

Series B is a funding round that typically occurs after a startup has already gone through Series A financing. It is usually the second institutional funding round, in which a startup raises capital from venture capital firms or other institutional investors to continue scaling and expanding its operations. The Series B round is often used to further develop the startup's product or service offerings, build out its team, and expand its customer base.

The amount raised in a Series B round can vary widely depending on the startup and the investors involved, but it is typically in the range of tens of millions of dollars. In exchange for the investment, the investors receive equity in the startup. In order to attract investors for a Series B round, startups need to demonstrate strong traction, revenue growth, and a clear path to profitability.

During a Series B round, investors will typically look at a startup's financials and operational metrics, such as customer acquisition cost, lifetime value of a customer, and churn rate. They will also assess the startup's leadership team, including the CEO and other key executives, to ensure that they have the experience and expertise needed to lead the company through its next phase of growth.