Main Street Connect, a community news company, closed an over $7m second round of funding.
Backers remained undisclosed.
Founded in December 2009 by Carll Tucker, Main Street Connect is dedicated to producing local news and information, and sharing the voices of readers with the community at large. Since launching 10 sites in 2010 in Fairfield County, CT, Main Street Connect has become a significant news presence in the 52 communities it covers in Fairfield County, CT, Westchester County, NY and Central Massachusetts.
The company also appointed Zohar Yardeni as CEO. Mr. Yardeni will succeed Mr. Tucker, who will become Chairman.
Mr. Yardeni comes from Thomson Reuters. He previously founded radiusIM, a location-based instant messaging service, and CallStreet, an earnings call transcription service, which was subsequently sold to FactSet Research Systems.