Bebo Raises $15 Million

Hold on to your hats people. The Social Networking space is heating up even more with the recent announcement that Bebo has raised $15 Million in venture capital. This money should help their growth strategy in non - US markets. Bebo has over 20 million members and has a much higher growth rate in the UK then Myspace. This goes to show that there is still room in the Social Networking scene even with Myspace and Facebook.

[tags]Social Networking, Bebo, Venture Capital, Myspace, Facebook, Brian Balfour[/tags]