Good-Loop Explained

Good-Loop
Type:Private limited company (.ltd)
Industry:Online advertising
Foundation:Edinburgh, UK
Founder:Amy Williams and Daniel Winterstein
Location City:Edinburgh and London
Num Employees:12 (2019)
Location Country:UK

Good-Loop is an online advertising company that serves adverts for brands whilst raising money for charity.[1] The company currently operates in the UK and EU markets and is headquartered in Edinburgh, Scotland. Clients include Unilever, Kit-Kat,[2] and Coca-Cola.

History

Good-Loop was founded in 2016 by Amy Williams and Daniel Winterstein, with support from Winterstein's previous company. The founders met online when Williams posted an advert looking for someone to help establish an agency which used media money to give to good causes.

Good-Loop works with a number of advertisers, including Unilever,[3] Nestle,[4] and Coca-Cola. The charities it partners with include Wateraid, Carers UK, WWF and Save the Children.

Early funding came from the Collider.io start-up incubator, with follow-on funding raised via crowdsourcing, plus support from Scottish Enterprise (including EU funding), Scottish EDGE,[5] and Innovate UK.

On September 27, 2023 Good-Loop partnered with Yahoo to offer carbon neutral private marketplace (PMP) media opportunities to help advertisers be more sustainable.[6]

Product

Good-Loop's main product is a form of video advertising. Adverts are shown in online blogs and newspapers. Viewers pick a charity from a shortlist, which then receives a small donation if the video advert is watched. Advertisers are charged on a cost-per-completed-view (CPCV) basis.

Achievements

Good-Loop has won several awards:

Good-Loop is an accredited B-Corp.[12] It has been covered in mainstream press (e.g. BBC,[13] The Herald Scotland, Forbes,[14] The Guardian, The Telegraph, Harper's Bazaar) and industry press (e.g. Campaign, Marketing Week, The Drum).

Notes and References

  1. News: Meet the female entrepreneurs using tech for good. Mark. Smith. BBC News . April 11, 2017.
  2. Web site: Ethical adtech will help KitKat fund Nestlé's sustainability scheme and Nespresso may be next. The Drum.
  3. Web site: The start-up putting the karma back into digital advertising. Unilever global company website.
  4. Web site: Nestlé chooses tech start-up Good-Loop to work on its KitKat Sustainability Project. www.campaignlive.co.uk.
  5. Web site: EDGE delivers record £1.8m of support to startups. December 7, 2018.
  6. Web site: Yahoo and Good-Loop Partner to Help Address Sustainability . Aussie Osbourne . 27 September 2023.
  7. Web site: Amy Williams, Founder and CEO, Good-Loop wins The Next Big Thing 2017. www.youtube.com.
  8. Web site: Meet The 30 Under 30 Driving Europe's Media And Marketing Innovation. Madeline. Berg. Forbes.
  9. Web site: Full list: IoD director of the year awards 2019 revealed. www.scotsman.com.
  10. Web site: Announcing the BIMA Awards 2019 Finalists. BIMA.
  11. Web site: Winners 2019 - BIMA Awards.
  12. Web site: Good-Loop | Certified B Corporation. bcorporation.net.
  13. News: Smith . Mark . Meet the female entrepreneurs using tech for good . BBC News . 10 April 2017 . https://web.archive.org/web/20170412182140/http://www.bbc.com/news/business-39521044 . 27 September 2023. 12 April 2017 .
  14. Web site: Sherriff . Lucy . Programmatic Video Ad Platform Good-Loop Could Revolutionize Advertising Forever . Forbes . 27 September 2023.