Media

Airtime nabs $25M weeks before launch, snaps up social experience startup Erly

Sean Parker’s mystery video startup AirTime is set to debut on June 5th, but that’s not stopping the company from making news today.

AirTime has received $25 million in second round funding led by Kleiner Perkins, and it has acquired the social experience company Erly, TechCrunch reported last night. The company later acknowledged the news on its blog (but didn’t reveal the funding amount). Other investors include Andreessen Horowitz, Accel Partners, Google Ventures, and Social + Capital.

Erly was founded by former Hulu CTO Eric Feng, who could potentially bring much to the heavily hyped AirTime. Beta testers have reported that Airtime is like Chatroulette with a layer of interest mapping, and with his experience building Hulu Feng could help the company to scale and build a robust community.

“Erly brings demonstrated consumer products expertise, video experience, and technical leadership to Airtime, and we couldn’t be more proud to welcome the newest members of our family,” Airtime wrote on its company blog.

Parker joined up with his Napster co-founder Shawn Fanning to create Airtime, which previously raised $8.3 million in funding.

0 comments