Series B funding is the next stage of financing the business after Series A. By this time, the company has achieved some stability, processes are working well, and customers are supportive. Revenues are starting to build up, but this may still not be enough to conquer the market.
Series B funding can help the venture increase its market share and improve its scalability. New financing options are accessible, such as new investors who prefer a company that has grown past the shaky startup stage.
Getting to Series B is like getting to Stage 3 of a video game.
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