Tuesday, November 20, 2012

Skimlinks Competitor YieldKit Raises $750,000 From Sedo Founder And HackFwd

Screen Shot 2012-11-20 at 14.57.30YieldKit assigns affiliate links to over 20 million product offers on keywords, like product names, advertiser names and general keywords. Not unlike the Skimlinks and VigLink model, it then converts existing product links into affiliate links. That means when a user clicks and generates a sale or lead, YieldKit earns revenue, with the lion share going to the publisher. Today it's announced the closing of a $750,000 Series A round with Tim Schumachers and Lars Hinrichs' of European accelerator HackFwd. Online marketing expert Tim Schumacher is founder of Sedo, the domain name marketplace, and Hinrichs founded Xiing.com, "Europe's LinkedIn" which OPO'd. The funds will be used to strengthen its position in German-speaking markets, and roll out internationally.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/buU0aPoJJ38/

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