San Francisco -- Linden Lab, the San Francisco-based developer of the "Second Life" 3D online world, said that it has raised $11 million in a recent round of venture capital financing. Globespan Capital Partners led the round, which also included participation from Benchmark Capital, Catamount Ventures, Omidyar Network, Amazon.com founder Jeff Bezos and Lotus founder Mitch Kapor. Founded in 1999, Linden Lab's "Second Life" online community, or "metaverse," now claims 165,000 residents and a virtual economy worth over $60 million a year. The company told CNET News.com it will use the funds to bolster its staff and for international expansion.
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