Airtime Acquires Former Hulu CTO’s Startup Erly, Raises $25M Series B Funding
We’ve discovered that Airtime, the video startup founded by famed Napster alums Shawn Fanning and Sean Parker, has allegedly made its first acquisition — before truly exiting stealth mode. The target? Erly, the Kleiner Perkins-backed startup aimed at letting people create social experiences around their experiences. Update: We’ve confirmed the acquisition with a source at Airtime, and have been told that it will be announced along with a new $25 million round of funding led by Kleiner Perkins, including Andreessen Horowitz, Google Ventures. As part of the new round of...
Published By: Tech Crunch - Tuesday, 22 May, 2012
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