According to Techcrunch, Bebo, an online social networking website, acquired a very healthy $15 million round of financing, led by Benchmark Capital. This round of financing will help Bebo to initiate and implement a number of changes and upgrades to the website, so that its users would benefit immensely.

According to the report, “Bebo is focusing on non-U.S. growth, particularly the UK. That makes a lot of sense. The U.S. market is completely saturated between Myspace and Facebook.”