YieldKit, which turns links into affiliate links to earn money, has nailed down $750,000 in a Series A round with Tim Schumacher and HackFwd.
YieldKit says that the funds will go toward the acceleration of new product releases and rolling out internationally.
The company says that it has gained month over month revenue of more than 50% over the last 6 consecutive months, a healthy performance that no doubt encouraged investors.
YieldKit provides two ways for turning product mentions into an affiliate links. YieldWord assigns affiliate links to more than 20 million product offers on keywords, such as product names, advertiser names and general keywords. YieldLink converts existing product links into affiliate links.
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Each time a reader clicks on one of these links and generates a sale, YieldKit earns revenue and shares this with their publishers. The company says that “users benefit from relevant information and recommendations, publishers get the most out of their content – fully automated”.
Launched last year YieldKit has been focused on monetizing content on websites and blogs in Germany. From here it seems the firm is up for using its funds to push the borders and hopefully pop up in a few more countries.
Image Credit: 401(K) 2012 Flickr
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