Kondoot calls on KPMG in $10 million capital raising

Brisbane start-up Kondoot has secured KPMG as a corporate advisor for its $10 million capital raising. Kondoot, founded by university friends Mark Cracknell, 21, and Nathan Hoad, 25, is a live video social network that allows users to broadcast themselves to a global audience. It also offers the possibility of charging for access […]

Michelle Hammond 02 April, 2012

Brisbane start-up Kondoot has secured KPMG as a corporate advisor for its $10 million capital raising.

Kondoot, founded by university friends Mark Cracknell, 21, and Nathan Hoad, 25, is a live video social network that allows users to broadcast themselves to a global audience.

It also offers the possibility of charging for access to a video stream, allowing record companies to sell tickets to a gig, or public speakers to sell tickets to their presentations online.

Last month, Kondoot unveiled an ambitious plan to raise $10 million through an initial public offering, after raising $3.2