Series A: $5.2 million of venture capital funding co-led by Safeguard Scientifics, Inc. (NYSE: SFE) and Internet Capital Group, Inc. (NASDAQ: ICGE).
Competitors
Direct competitors include Multiply, Moli, and .Mac. Secondary competitors include Facebook, MySpace, YouSendIt, Shutterfly, Snapfish and Kodak Gallery.
Product Description
Kadoo is a social sharing platform. It helps users decide who sees what with greater sharing & privacy controls. Users get 10 free GBs of storage to share their photos, videos, files and more. Users can even share privately to friends before they join. Created by founders of Blackboard, Inc. (NASDAQ: BBBB), Kadoo can be integrated into university, college and high school Blackboard environments, which already reach millions of students every day.
Market Opportunity
Kadoos initial market is comprised of 16.7 million U.S. college students who have a growing need for a more selective way to share online. Kadoo is an advertising-based model. For the social network advertising market alone, eMarketer forecasts growth from $900 million in 2007 to $2.6 billion in 2012.
DEMO Says
There are many options these days when it comes to content management and sharing. But the plain truth is that the bulk of mass consumers still resort to email for sharing with friends and family. Kadoo immediately struck us as a one-size-fits-all solution for sharing all manner of content. Beyond sharing links, photos and videos, Kadoo has integrated storage, calendars, group functionality and printing capabilities through third parties. Kadoo has developed an incredibly feature-rich site that encapsulates all that is great about Web 2.0 — in a way that’s easy for mass consumers to navigate.