News Byte
Liz Gannes in Social on May 22 at 9:16 pm PT
Airtime, the
soon-to-launch video start-up from the co-founders of Napster, has raised $25 million in Series B funding led by Kleiner Perkins Caufield & Byers and including Andreessen Horowitz, Accel Partners, Google Ventures, and the Social + Capital Partnership, as first
reported by TechCrunch and
confirmed by the company. Airtime also acquired
Erly, the young, KP-backed event-photo-sharing start-up
created by the early Hulu product team.