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Short Take: Digital currency site Beenz.com snags $39.5 million

Beenz.com, a digital currency site, said today it raised $39.5 million in an additional round of financing. Making a significant push to expand globally, Beenz.com secured investments from the online arms of Italian media conglomerate Gruppo l'Espresso and Hong Kong-based New World Group, among others. U.S. investors included BayStar Capital, Sycamore Ventures, ING Barings and DRW Venture Partners. The New York-based upstart, which offers online currency to consumers that register and buy on partner sites such as Blockbuster.com and MP3.com, also raised an additional $11.9 million from investors, including Softbank, for recently launched joint ventures in Italy, Greater China, Japan and Korea.

Beenz.com, a digital currency site, said today it raised $39.5 million in an additional round of financing. Making a significant push to expand globally, Beenz.com secured investments from the online arms of Italian media conglomerate Gruppo l'Espresso and Hong Kong-based New World Group, among others. U.S. investors included BayStar Capital, Sycamore Ventures, ING Barings and DRW Venture Partners. The New York-based upstart, which offers online currency to consumers that register and buy on partner sites such as Blockbuster.com and MP3.com, also raised an additional $11.9 million from investors, including Softbank, for recently launched joint ventures in Italy, Greater China, Japan and Korea.