Series B round
In venture capital terminology, the term Series B Round refers to the second round of financing at the Early Stage of a new company's growth. Series B Round stock issues generally have different terms than the Series A Preferred and will generally fund the growth stage of the company.
For example, a new company which is fully operational wants to gain a larger market share and needs Series B Round financing in order to achieve this. The company has already issued the Series A Preferred series and now needs additional financing to go to the next level. A Series B Round of financing is undertaken. At this stage of financing, the venture capitalist will begin to formulate an exit or acquisition strategy and begin on the path to breaking even. Nevertheless, depending on the nature of the new company Series B and C financing could yet be raised while the company is still proving the business venture.