Series B

17 statements across 17 episodes · 6 bullish · 1 bearish · 16 people on the record · first statement Dec 12, 2016 by Allan Wille · across every show →

Everything said about Series B, oldest first

Dec 12, 2016 neutral
Assertion Not checkable as stated
Founders typically dilute 20-30% in Series A and 15-25% in Series B
“Series A, you're generally, you know, looking at more like 20 to 30%, and if you're looking at a series B, you're anywhere from maybe 15 to 25% at the max.”
Allan Wille Dec 12, 2016 ▶ 10:20 EP 506: Klipfolio $7.9M Raised, 7000 Customers for Smarter Business Dashboards with CEO Allan Wille
Feb 18, 2019 neutral
Disclosure
Carruthers: Voxpopme targets $10M Series B following $2.5M Series A
“Yeah, so I'll probably raise ten million dollars which, you know, is a, Obviously modest in compared to some of today's Series B rounds, but I think, you know, given our A round was only two and a half million, it kind of you know, it's kind of relevant to whe…”
Dave Carruthers Feb 18, 2019 ▶ 15:02 1304 Raising $10m on $30m Pre Right Now for Video Feedback Platform, $5m ARR
May 1, 2019 positive
Disclosure
Lassa: SiteWit is closing a $5M Series B round
“So we're actually on the final stages of closing a series B and it's going to be a total of about five million dollars.”
Ricardo Lassa May 1, 2019 ▶ 15:20 1376 SMB Marketing space CEO: We're about to close $5m on a $36m valuation
Sep 1, 2020 positive
Assertion Not checkable as stated
Bendov says Gong operates on Series B funds, leaving Series C untouched
“So we haven't even touched, we're still running on a series B money, right? We raised the series B. We did not start touching The Serious Serious C money we raised in December, and we still have a pretty long way to go with a Serious B, right?”
Amit Bendov Sep 1, 2020 ▶ 11:37 Gong.io Adds $1.5B To Valuation, 1500 Customers, $45m+ in Revenue for Revenue Intelligence Sales Tool
Jan 4, 2022
Disclosure
Practice Ignition's Series B was raised at a $50M+ pre-money valuation
“Just north of US, 50.”
Guy Pearson Jan 4, 2022 ▶ 20:43 Practice Ignition Breaks $24m Revenue, Raises $50m at $330m Valuation Helping 5,000 Accounting Firms Scale
Jan 17, 2022
Disclosure
Martinson: Xolo is targeting a 15M to 18M euro Series B round
“It's about 15, eighteen million euros that we are targeting right now.”
Allan Martinson Jan 17, 2022 ▶ 16:36 6k Freelancers Use Xolo To Run Their Business, $5.5m Revenue, Raising $20m Now
Feb 22, 2022 positive
Disclosure
Radius Agent reaches $50M post-money valuation, eyes Series B in 6-8 months
“We have a fifty million dollar valuation right now, and we want to close the series B in the next six to eight months.”
Biju Ashokan Feb 22, 2022 ▶ 11:15 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Apr 12, 2022
Disclosure
Sumsub targets raising $80M to $100M for Series B round
“So we're thinking about eight to one hundred million, but at the same time for us right now is more important as strategic partnership because we want to expand a new market to land new offices in different regions.”
Vyacheslav Zholudev Apr 12, 2022 ▶ 14:46 $1m ARR to $50m in 28 Months. This AML KYC SaaS Is A Secret Unicorn, only $6.5m Raised
May 15, 2022 bullish
Disclosure
Milich: Skiff Wants 10x User Growth Before Series B
“I think we want to have at least 10 times or more as many users.”
Andrew Milich May 15, 2022 ▶ 16:55 Skiff is Privacy Focused Notion, Breaks $60m Valuation, 10k MAU's
Jun 20, 2022
Assertion Supported
Nandi: Hiver raised $22 million in Series B round
“We raised twenty two million in the last round.”
Nitesh Nandi Jun 20, 2022 ▶ 5:40 $10m revenue founder uses debt to get leverage in $22m Series B for help desk software
Nov 5, 2022 bullish
Assertion Not checkable as stated
Allouche: Metadata Turned Down Multiple Term Sheets and Raised $40M Series B
“But this was the state in which we were able to raise a forty million dollar Series B in a very healthy way. I was able to turn down many term sheets because I had a confidence that my company is doing well”
Gil Allouche Nov 5, 2022 ▶ 20:37 How Metadata grew 700% to $15m in Revenue in 24 months while switching from high burn to profitable
Dec 18, 2022
Disclosure
Nivala details M-Files funding history through its $80 million Series C
“That was our B round. Again in euros, that was a thirty three million euro. So maybe thirty six million dollars B round We've done, we did a debt financing round in 2018 twenty seven million euros, and then a little bit opportunistically we did a C round which…”
Antti Nivala Dec 18, 2022 ▶ 15:47 This founder hit $90m ARR last week, took $30m secondary in last round for Document Management SaaS
May 1, 2023 negative
Insight
Allouche: The Series B Trap Leads to Cash Depletion and Fire Sales
“After you raise the Series B, there is this story that you didn't figure out everything about the business, you keep investing, and actually, you don't get the growth, and if you fully fall into the trap, you run out of money, and then you have a fire sale.”
Gil Allouche May 1, 2023 ▶ 12:11 How to recession-proof your SaaS: 3 keys to surviving just about any economic downturn
Jul 19, 2023 neutral
Assertion Supported
Murray: Median SaaS headcount is 16 at Seed, 36 at Series A
“If you're approaching that seed stage, median employees around 16, series A, 36, 82 for series B.”
Ben Murray Jul 19, 2023 ▶ 13:17 SaaS Founder Confessionals: Lessons Learned From Raising $500 Million Dollars
Jul 24, 2023
Insight
Appel: SaaS growth targets evolve from PMF at Seed to profitability at Series C
“Seed, product market fit, series A, prove you can sell it, series B, prove you can expand and keep those customers, series C and beyond, make it repeatable, profitable, and predictable, and then a big milestone, take a capital efficient model, move it to adjac…”
David Appel Jul 24, 2023 ▶ 8:04 3 Frameworks to Help Forecast & Inform your Board in Your First Three Year
Jan 21, 2025 neutral
Disclosure
Arendtsz: Celigo received 5 to 10 Series B term sheets
“I'd been speaking to maybe 25, 30 investors at the time. Likely got term sheets from about five to 10. It really came down to the firm and the person who was gonna sit on the board.”
Jan Arendtsz Jan 21, 2025 ▶ 8:30 While Zapier Gets all the Press, Celigo Just Doubled Revenue to $95m, CEO Jan Arendtsz
Feb 4, 2026 positive
Insight
Spiegel: Founding teams owning 20-25% at Series B are in strong shape
“Having the founding team be in that 20 to 25% range, or thereabouts, at a B is, like, a really strong position.”
Matt Spiegel Feb 4, 2026 ▶ 16:46 How to Scale to $12M ARR: The Serial Founder Playbook for Vertical SaaS and Agentic AI
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