Friday, January 23, 2009
Lohud.com (a site we follow frequently!) is reporting that Portaga has filed for bankruptcy and will liquidate.
Portaga has been around for several years and has previously raised money from First Round Capital and Ascend Venture Group among others - $5.8M as recently as the end of 2006.
Portaga was an interesting way to link travel and outlook but we have always thought Portaga was an interesting feature, but probably not a stand-alone business in and of itself.
Lets hope this isn't a harbinger for travel 2.0 start-ups in 2009.