What is Series B funding?
Definition: Series B is the third stage of raising capital for a business/startup.
How does Series B funding work?
Series B funding starts can start when the company is established and needs more capital to grow.
In this stage, they evaluate their company and create a concrete growth plan to present to potential investors. Companies looking for Series B funding are valuated at around $30 million.
After building a list of potential investors the company will negotiate the amount of shares they are willing to give up and for how much capital. This process can take a year or more to finish.
When the investments are done, the company puts them to use and grows their business towards Series C.