Montreal's Akoha annouced today on their blog that they will be shutting down on August 15th. In a letter penned to Akoha Community Members, the Akoha founders shared the unfortunate news that after three years of operation they will be closing its doors later this month.
In the fall of 2007 we set out to create a new type of community to highlight fun, real-world activities that would help people explore and enjoy life to the fullest. From all the amazing missions that the Akoha community has played over the past 3 years we feel comfortable in saying that we were able to reach that goal.
Unfortunately and despite our best efforts, we weren’t able to generate enough revenue to cover our expenses so we’re left with no other choice but to close the site.
We’d like to thank all the dedicated Akoha team members who have contributed their energy and talents to the project and also to our investors for the support that they have shown us over the past few years.
And finally, we’d like to thank you, our incredible community members, for being part of this journey with us. We have been delighted, inspired and moved by all the wonderful missions you have played. We hope Akoha has brought a little additional enjoyment and satisfaction to your lives.
In April of 2008 founders Austin Hill and Alex Eberts secured $1.9 million in funding for Akoha from angel investors.