The capital raised during a Series B round is typically used for several critical areas:
Scaling Operations: Expanding production capabilities, improving supply chain efficiency, and enhancing customer support. Product Development: Investing in research and development to enhance existing products or create new ones. Market Expansion: Entering new geographical markets or targeting new customer segments. Hiring: Bringing in senior management and other key personnel to drive the company’s growth. Marketing and Sales: Increasing spending on marketing campaigns and expanding the sales team to accelerate revenue growth.