Skimlinks is a content monetisation platform for online publishers (including editorial sites, forums, bloggers, social networks, and app developers) that specialises in in-text, contextual advertising.
The company was launched in London in 2007 by Australian co-founders Alicia Navarro and Joe Stepniewski. It has over 80 employees, and has raised $24 million in funding as of August 2013. It has offices in London and New York City. On October 17, 2013, Skimlinks was announced as a member of Tech City UK’s Future Fifty Programme, a government programme that supports fast-growing companies with the aim of potentially floating in the London Stock Exchange. In 2014, Skimlinks drove $625 million in sales for over 20,000 vendors.
- 1 History
- 1.1 Founding
- 1.2 Partnership with Pinterest
- 1.3 Investors
- 1.4 Acquisitions
- 2 Products
- 3 See also
- 4 References
Skimlinks was founded in 2007 by co-founders Alicia Navarro and Joe Stepniewski as a result of a pivot away from the social recommendation tool Skimbit.com. It is notable as one of the first technology companies headquartered in what is now known as the Silicon Roundabout area in London. Alicia Navarro created Skimbit.com in 2006 in Australia, but quickly moved to London to promote her site as she felt it was a much more supportive environment for entrepreneurs. Skimbit was relatively successful and quickly evolved into a white-label social shopping service. In November 2008, Joe Stepniewski was brought on as co-founder, and together they realised that both users and investors weren’t interested in their end-product, but in the behind-the-scenes technology they were using to monetise their site through affiliate marketing. As a result, they pivoted the company into what it is today – a “stand-alone commercial platform to help other businesses monetize their editorial and user-generated content.”
Alicia Navarro has been featured in a number of prominent publications, highlighting her role as one of the few female CEOs in the ad-tech world. She was also recently announced as the winner of the Entrepreneur of the Year Award during the 2014 edition of the FDM everywoman in Technology Awards.
Partnership with Pinterest
In February 2012, LL Social, an online marketing blog, broke the news that Pinterest was using Skimlinks to monetise content posted by its users. Commercial links included in Pins were being affiliated via Skimlinks. Although the partnership had been ongoing for 2 years, Pinterest had just recently grown exponentially in popularity and the news was badly received. Most of the backlash centered on the company’s failure to disclose its monetisation practices rather than its decision to monetise users’ content. Though it was claimed that the revelations prompted Pinterest to drop its affiliation with Skimlinks, Pinterest’s CEO, Ben Silbermann, clarified that they had actually been using Skimlinks as a test while they explored various monetisation solutions and had stopped using the service a week before the news broke.
Funds have been raised from investors including The Accelerator Group, Sussex Place Ventures, NESTA, Venrex, BDMI and Greycroft, with advisory board members such as Gokul Rajaram (formerly Head of Product for Google Adsense and Facebook Ads) and Oren Michels (CEO of Mashery). In early 2015, Skimlinks’ brought investors from Frog Capital on board as part of their Series C funding round, bringing their total funds raised to $24 million.
Skimlinks acquired New York–based competitor, Atma Links, in 2011 to power its SkimWords technology. It then acquired InvisibleHand – a significant player in real-time e-commerce and product pricing – in 2013.
Skimlinks is used by 1.5 million domains globally by online publishers like Buzzfeed, Conde Nast, Hearst Digital, WordPress, Time Inc, and Mail Online.
The company has released a variety of tools to which users have access in order to monetise their content. The main ones (as shown on the company’s website) are as follows:
SkimLinks – The company’s first product. Released in 2008, it affiliates existing unaffiliated links on a user’s site by adding a tracking tag on click.
SkimWords – The second product in the Skimlinks suite. It went live in 2010 and uses natural language processing technology to link specific phrases like product references and brand names to relevant online retailers.
The Showcases – They were released in May 2013 and are content-aware visual product displays that rely on technology similar to SkimWords’, in order to generate geo-targeted, relevant product suggestions.
Skimlinks Editor – A Google Chrome extension, it allows users to know what merchants are in the Skimlinks network and how much they pay for referrals. It also has a price-comparison element, allowing users to see alternative purchasing options for the product they are browsing. Lastly, the Editor lets users shorten and monetise URLs straight from their browser. This makes it possible to share monetisable links on sites where Skimlinks isn’t live.
Audiences by Skimlinks – The company’s latest product, Audiences by Skimlinks is a 2nd party data co-op that makes the shopping-intent data generated from affiliated content available to marketers for planning, targeting or reporting advertising campaigns.
Skimlinks also offers a series of extras, like the URL shortening of regular links into monetisable links, and SkimRSS which allows users to affiliate links in their RSS feeds.
- companies portal
- Affiliate marketing