Airtime, the video startup founded by Napster duo Sean Parker and Shawn Fanning, announced today that it had closed a second round of funding and had purchased another startup.
The mysterious company raised $25 million, according to a TechCrunch report. The startup also announced the acquisition of Erly, a company founded in 2011 that claims to provide a "new social platform for organizing and sharing your personal content." Terms of the deal were not revealed.
Erly was founded by CEO Eric Feng, a former partner at Kleiner Perkins Caufield & Byers, which led Airtime's round of financing. … Read more