[img src="" caption="" credit="" alt=""]
Xconomy, a Boston-area-based technology and news blog, has received funding in a Series A round, led by CommonAngels. CommonAngels is an investment group in Lexington, MA, and it contributed funds from its investment pool as well as individual members. The financial terms were not disclosed.
The blog was only launched about a month ago by Robert Buderi, the former Editor-in-Chief for MIT's Technology Review. Xconomy's publisher, Steve Woit, is a founder of Riga Ventures, which is a venture capital firm. We're seeing a wave of investment of blogs and acquisitions, too--and we're not complaining! There was Freakanomics, TreeHugger and World Hum.