Business dictionary

Τhe second round of investment a startup raises after the initial seed and Series A funding. At this stage, the startup is expected to have a proven product, a reliable customer base, and a solid business model. The focus of Series B is typically on scaling the business, expanding into new markets, and optimizing operations. Investors in Series B often include venture capital firms, private equity firms, and sometimes corporate investors. The funds are used to accelerate growth, enhance product offerings, and build a larger team to support expanded operations.

A more advanced funding round for businesses that have established their business model, proven their product or service, and built a significant customer base. The goal is to scale the business to new heights, expand into international markets, and prepare for a potential exit, such as an acquisition or an Initial Public Offering (IPO). Investors in Series C often include venture capital firms, private equity firms, hedge funds, and sometimes large companies looking to invest in high-growth businesses. The investments are used for aggressive expansion, acquisitions, and strengthening the infrastructure to support growth.

The funds raised by a company through the issuance of shares to its shareholders. This capital serves as the initial financial resource for the company and acts as a guarantee for creditors in case of financial difficulties. The share capital can be increased or decreased through a decision by the shareholders’ general meeting and must be registered with the commercial registry.

The effect of an organization’s actions on the well-being of the community and society.

The ongoing approval and acceptance of a company’s operations by local communities and stakeholders.

An obligation of an organization to act for the benefit of society at large.

A cloud computing model where software applications are hosted by a service provider and made available to customers over the internet. Rather than installing and maintaining software on individual devices, users can access these applications on a subscription basis through a web browser. This model provides flexibility, as it allows users to scale usage, access software from any device with internet connectivity, and reduce costs associated with hardware and maintenance.

A form of business organization where ownership and management are vested in a single individual. The owner personally assumes responsibility for the business’s debts and obligations and has complete control over business decisions. This structure is particularly popular for small businesses due to its simplicity and management flexibility.

The ability of a business or individual to meet all of its long-term financial obligations as they come due. It is a critical measure of financial health and stability, as it indicates whether an entity has sufficient resources or assets to cover its liabilities in the future. Solvency is distinct from liquidity, which focuses on the ability to meet short-term obligations. Solvency assessments are essential in determining the long-term viability of organizations, especially in sectors with substantial liabilities.

Individuals or groups that have an interest in the activities and outcomes of an organization.