Deals

Former Zynga guy gets $1M for his new live broadcast app

Minglei Xu, a San Francisco developer who sold his last company to Zynga, is back on the horse!

The dev just filed a Form D with the SEC, disclosing a $1 million seed funding round for his new startup, AirXP (no URL yet, folks). Its product is still in closed alpha, so all we know is that it involves live video, it’s social, and it’s consumer-grade — so we’re guessing smartphone video.

Also listed on the Form D are Ying Xie, another SF-area tech person of interest, and Rick Thompson of Signia Venture Partners. Thompson actually invested in Xu’s former startup, Wild Needle, and has particular expertise in mobile/social gaming.

Zynga bought Wild Needle in May 2012, giving Xu a scant year to recover from the founder experience before jumping back into the fray. The company was two years old at the time and cost Zynga around $3.8 million; it had raised a total of raised $2.5 million in funding from Thompson and Shasta Ventures.

Check out the filing itself below:

Image credit: Shutterstock

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