YieldKit Announces a Raise, Tim Schumacher Involved

Today is an exciting day for YieldKit who just raised $750,000 from Tim Schumacher and HackFwd. The team is extremely promising and fun to work with. Expect to see big things.

From their blog:

Like any company YieldKit has gone through its development stages. When you want to be the best and have your product known and used all over the world there can be some ups and downs. The team has transformed a relatively old marketing model into something that is new and now at the front of affiliate marketing.

When you’re a company you need a way of integrating these revolutionary ideas into fully functioning models. More team members get involved and advancement happens. Testing occurs on a small scale to refine bugs and hunt down the hidden ones, this then progresses into a more advanced state, just before deployment of the final build.

Tim Schumacher, founder of Sedo, worldwide domain marketplace leader, and former CEO of Sedo, is one of Europe’s most experienced Online Marketing experts. Lars Hinrichs’ HackFwd also participates in the round.

YieldKit gained month over month revenue growth of more than 50% for the last 6 consecutive months on average through significant product updates and big publishers signing up. The funds from this round will be used for acceleration of new innovative product releases as well as to strengthen market leadership in DACH and the international roll-out.

Great post on the raise via The Next Web.

A great step in the YieldKit journey.