Goodvidio Delivers +80% Conversion Rate Increase to Ecommerce Stores, Reaches $1M in Seed Funding

LONDON, November 4, 2016 /PRNewswire/ --

Goodvidio, the conversion optimization service helping online stores increase ecommerce sales with product videos curated from social media, announced today it launched the service out of beta and opened it up to public sign-ups. The service is now open to brands and ecommerce stores for a monthly subscription starting at $149, following a 15-day free trial. The company also announced integrations with major ecommerce platforms including Magento and WooCommerce as part of the launch.

Beta results from more than 40 international brands and retailers including Tassimo, Mondelez, Travis Perkins and Deutsche Telekom, showed Goodvidio's ability to deliver an increase of up to +80% in conversion rate, +340% increase in session duration and -70% decrease in bounce rate on product pages enriched with Goodvidio product video galleries.

"We have been delighted with the collaboration with Goodvidio - the execution has been seamless, the results impressive and the team are exceptionally well versed in meaningful metrics," - said Paula Sweetman, Digital Engagement and eCommerce Manager at Jacobs Douwe Egberts. A case study with Tassimo.co.uk reported +74% increase in conversion rates, +161% increase in session duration and +127% increase in pages visited on the brand's ecommerce site using Goodvidio.

Goodvidio specializes in conversion optimization results by making the discovery, curation, publishing, and management of product videos from social media possible at a whole new level of effectiveness and scale.

"64% of purchases made online are now being influenced by videos shared through YouTube. We want to help online retailers bring this invaluable content from social media into their product pages and make the online shopping experience so much more intuitive and convenient, resulting in increased sales," - says Dimitrios Kourtesis, co-founder and CEO of Goodvidio.

Goodvidio has reached $1M seed investment up to present date. The latest investment of $600,000 funding announced today comes from the National Bank of Greece and existing investors JEREMIE Openfund II. The new cash will be directed towards expanding Goodvidio's customer base in Europe and USA.

Online retailers and brands who wish to improve their ecommerce KPIs can now try Goodvidio for free by creating an account at http://www.goodvid.io. They can then select a subscription plan suitable for their store's monthly visitors and get access to standard features like video discovery, curation, publishing and management. Subscription plans go up to $999 per month for more advanced features such as A/B testing and advanced engagement and conversion insights.

About Goodvidio 

Goodvidio is conversion rate optimization service helping ecommerce stores and brands utilize product videos from social media to engage shoppers and increase online sales. Goodvidio automates product video discovery, curation, publishing, video management, and optimization. Goodvidio was founded in 2014 and serves multichannel and pure-play online retailers. Goodvidio has raised a total of $1 million of venture funding from National Bank of Greece and JEREMIE Openfund II.