You're reading it here first: Bebo, an SF-based social networking site which is in the middle-ground between MySpace and Facebook, and among the biggest in UK, Ireland and New Zealand, has received $15 million in venture funding from Benchmark Capital. Bebo will use the funding to expand the U.S. team and open a London office. It has also hired a chief privacy officer, who will be announced soon.

I can't decide what to talk about first: Friendster getting some measly crumbs from KP, aSmallWorld hoodwinking Bob Pittman or Bebo cashing in.

DISCLOSURE: We are currently working with Wee World - who's offices are in the same Benchmark offices where Bebo just got their money. And they also funded habbo Hotel and...... Visual Media - a former client.