The world's still turning for online publishing startups, a bit: tech and business news blog network Xconomy, based out of Boston, has closed its second round of funding. Previous investor CommonAngels, led the round, and included new investor LaunchCapital and previous angel investors, though the amount was not disclosed. Likely it is enough to help them through a prolonged downturn.
The company, launched in June last year was founded by Robert Buderi, who was previously the Editor-in-Chief of MIT's Technology Review. IT started with a Boston area tech site, and then expanded into Seattle and San Diego with local area sites. It is cleverly keeping out of heavily covered regions like NYC, SF and LA. Besides he sites, which are ad-supported, it is also moving into events. More details here.
By Rafat Ali