Greentech Media, a Cambridge, Massachusetts-based online media company, announced on Tuesday that it raised $2.75 million in Series B financing. This round was co-led by new investors EGORA Holding and The Massachusetts Green Energy Fund. Existing investors Lightspeed Venture Partners and Northport Private Equity also participated, along with new investor King Hill Capital. Greentech Media previously raised a $1 million series A round in May, 2007.
Greentech Media said that it will use the new funds to expand its staff, news coverage, products, and sales efforts. In conjunction with this funding news and its growth strategy, Greentech Media also announced the hiring of former CNET editor Michael Kanellos as senior analyst.
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