Airtime, the live social media website launched by Shawn Fanning and Sean Parker, two of the founders of famous file sharing website Napster, has acquired peer Erly from the portfolio of one of its venture capital (VC) backers, Kleiner Perkins Caufield & Byers (KPCB).
Alongside KPCB (which has partner Bing Gordon join the Airtime board) are VC peers Andreessen Horowitz, Accel Partners and Social + Capital and Google Ventures, the corporate venturing unit of the eponymous US-listed search engine provider.
Airtime had previously raised $8.3m in series A funding from investors including Google Ventures.
Founders Fund (which counts Parker among its partners), Andreessen Horowitz and Accel Partners, microfund SV Angel, and angel investors including TechCrunch founder Michael Arrington, actor Ashton Kutcher, musician will.i.am., Digital Sky Technologies founder Yuri Milner, Ron Conway and Michael Parekh.