San Francisco-Based Bebo Lands $15 Million in First Round of Funding

San Francisco -- Bebo, a San Francisco-based social networking site, said on Tuesday that it has landed $15 million in its first round of funding from Menlo Park-based Benchmark Capital. The company said that it will use the financing to expand its U.S. employee base and open a London office. After launching in July, Bebo said that it is now the largest social networking site in the U.K., Ireland and New Zealand, according to both Nielsen and Alexa, and also is experiencing rapid growth in the U.S., Australia and Canada. All told, the service 24 million registered users.
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