The Series B funding round is the second round of financing by private equity investors and venture capitalists. At this point, the company is expected to have a higher valuation and there is usually a higher cost to invest.
Customer deployment and growth are the focus of these investments, and your investors expect to see growth in revenue, users, or product success. These factors show that your company or product is at the stage where there is less risk for investors. Series B investments can range from $10 to $30 million (but funding amounts aren’t set in stone – you can have some that are lower or higher).