Bebo Secures $15 Million in Funding From Benchmark Capital
Published May 24th, 2006
Bebo, the next generation social networking site, today announced that it has closed a $15 million first round of financing from Benchmark Capital, the international venture capital firm behind eBay, betfair and MySQL. Bebo will use the funding to expand the U.S. team and open a London office, maintain its market leading position, and develop the business in its other core markets.
Having launched just ten months ago in July 2005, Bebo is now the largest social networking site in the UK, Ireland, and New Zealand. Bebo is also growing rapidly in its other core markets, the United States, Australia and Canada, with a total of 24 million registered members turning 2.5 billion monthly page views worldwide.
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