Skimbit

Skimlinks Gets $1m To Give Publishers Control Of Affilate Ads

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Funny how a recession concentrates the mind. In just over a year UK startup Skimbit has made the full journey from Web 2.0 era “decision-making tool” with a vague business model about affiliate advertising, to re-engineer as an affiliate aggregator for publishers. Re-launching as Skimlinks, it now aggregates 11 affiliate networks for clients like The Daily Mail newspaper in London. The move means it has now attracted first round investment led by Sussex Place Ventures with participation from UK government body NESTA (yes, in the UK there are public funds for startups), The Accelerator Group, and Angels Duncan Jennings (eConversions) and Alex Hoye (Latitude Group). The amount was undisclosed but is understood to be in the vicinity of just over $1 million (£700,000). Competitors like the older Dianomi and Chicago-based Science Revenue appear to have more clients, but given they are North America focused, Skimlinks has an opportunity to break out more in the UK and Europe.

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