Web promotional 'currency' specialist Beenz.com has secured a further $51.1 million (£33.6m) to pursue its global expansion plans.

The UK-based company, whose original backers include Vivendi and Oracle's Larry Ellison, said the new funding includes $39.5 million from investors such as Italian media group Gruppo l'Espresso, merchant bank ING Barings and venture capitalists

News source: The Times (London)