Series B Funding Announcements

Luminai closed a $38 million Series B funding round led by Peak XV Partners.

Lucky secured a $23 million Series B funding round to scale credit access across North Africa.

Palmonas, a fast-growing jewellery brand, secured $40 million in a Series B funding round to support its offline retail expansion strategy.

VC Beast defines Series B funding as a growth-stage round aimed at scaling a proven business model, typically raising $15M-$50M+.

Substack, a platform for independent writers and creators, raised $8 million from over 7,000 investors in a community round alongside Andreessen Horowitz.

Replit, a collaborative browser-based IDE, raised $7.5 million from 8,000 investors in a community round.

Mercury, a banking platform built for startups, raised $5 million from 5,000 investors in a community round alongside its Series B funding.

Cloaked raised $375 million in Series B funding. Further details about the funding round and its intended use were not disclosed in the available sources.

Spectup discusses the importance of retention and unit economics in Series B funding, emphasizing the need for institutional-grade materials before outreach.

Positron AI, an energy-efficient AI inference hardware company, secured $230 million in a Series B round, valuing the company at over $1 billion.