Series B funding is an equity investment that helps startups grow and scale by expanding operations and reaching customers.
At that stage, startups usually have working MVPs or a complete product ready for growth.
They use series B funding to hire more people and bring their products to broader audiences by expanding on marketing.
Series B funding usually comes from angel investors, venture capitalists (VCs), and private investors.
In series B funding round, startups often raise $10-50 million.