A Series B funding round is a stage of venture capital financing where a company raises capital to expand its operations and market reach after it has proven its business model and achieved initial success in the market. Typically, companies that have already secured [[Series A funding round]] and demonstrated significant growth participate in Series B rounds. These rounds involve larger investments than Series A and often attract venture capital firms seeking to invest in high-growth companies with strong potential. The funding is used to scale the business, hire key personnel, increase marketing efforts, and potentially acquire other businesses.