Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
May 23, 2012 05:02 am GMT

Airtime Acquires Former Hulu CTOs Startup Erly, Raises $25M Series B Funding

Screen Shot 2012-05-22 at 9.19.00 PMWe'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 funding, Kleiner Perkins partner Bing Gordon will be joining Airtime's board of directors as part of the new funding.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kwhmRscLSOE/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch