Hit Search About Hit Search Pay Per Click Search Engine Optimisation Contact Hit Search Hit Search News

Akoha raises $1.9 Million financing from Angel Investors

by Andrew Redfern @ 28th April 2008 5:34 pm

SEO ConversionsKeyword Report

Akoha, the developer of a new social game, announced today that it has received $1.9 million in financing from angel investors. The financing was delivered in two tranches, the first in early 2007 and the second in early 2008.

Akoha is developing a new type of social game inspired by elements of social entrepreneurship, massively-multiplayer and reality-based games. Akoha was founded by Austin Hill and Alex Eberts, long-time friends and entrepreneurs who first worked together when Hill co-founded Zero-Knowledge Systems (now Radialpoint) and Eberts served as its founding product manager.

Investors include some of Canada’s most prominent business and technology leaders, including:

- David Chamandy, co-founder, Lavalife;
- John Bromley, Benefic Group;
- Jean-Sebastien Cournoyer, entrepreneur-in-residence, Vantage Point Venture Partners;
- Ron Dembo, founder, Zerofootprint.net and Algorithmics;
- Jake Eberts, film producer;
- Alan Gershenfeld, managing partner, E-Line Ventures, director at Games for Change;
- John Meeks, managing partner, TA Associates Private Equity, London;
- Reg Weiser, founder, Positron;
- Jonathan Wener, Chairman & Founder, Canderel Group;
- Robert Montgomery, founder, Achilles Media;
- Chris Emergui, founder and president, BAM Strategy;
- and Montreal Start Up, an angel investment fund with 20 Montreal-based investors and technology entrepreneurs as limited partners.

Akoha CEO Austin Hill said: “We’re delighted that our investors share our belief in bringing fresh ideas to the gaming world. The support of our incredible angels has allowed us to develop an innovative product and will support the company while we launch and build our player community into 2009.”

Alan Gershenfeld, managing partner of E-Line Ventures, who for six years was senior vice president at Activision Studios, and is currently a director of Games for Change, said: “Games have an enormous and largely untapped potential for meaningful social impact.

Based on my experience, I believe Akoha’s approach and design will help them become one of the pioneers in this exciting new area.”

Would you like to know more about Digital Marketing? If so, contact Hit Search on 0845 643 9289. Remember, its a big world out there, make sure you become visible.

Other Related Stories That May Be Of Interest:

  1. Nimbuzz Raises $15 Million in Funding
  2. Reuters : Microsoft investors growing weary of Yahoo plans
  3. Coremetrics secures $60 million more in funding
  4. Yoogli - Automated Music Playlist Site Boasting 7 Million Songs
  5. Google’s Facebook killer OpenSocial details leaked
  6. Microsoft’s $240 million equity stake in Facebook
  7. Answers.com user generated content passes one million question milestone
  8. Hitwise reports blinkx traffic grows to 26 million hours
  9. Social Media Guru Seth Goldstein discusses Future of Social Media
  10. Model.Live Reaches One Million Video Views

 Search Categories


Hit Search Limited Contact Us
Hit Search Company Address: Hit Search Limited, Liverpool Innovation Park, Liverpool Digital, Baird House, Liverpool, Merseyside, L7 9NG.
Akoha raises $1.9 Million financing from Angel Investors - Our Telephone Number For Search Engine Optimisation, Search Marketing, Pay Per Click And All Other Enquires is 0845 643 9289.

Terms | SEO | PPC | Contacting Hit Search | Online Reputation Management | Online Press Distribution