AdTech startup Tomi raises Seed funding to make real estate ads perform as well as ecommerce
https://techcrunch.com/2021/06/23/adtech-startup-tomi-raises-seed-funding-to-make-real-estate-ads-perform-as-well-as-ecommerce/
Industries like real estate, automotive, and financial services have long and offline sales cycles and digital advertising tends not to perform well in these areas. The conversion rates are low and because the real-world assets are offline the temptation of advertisers is to buy leads and clicks, which can inflate customer acquisition costs. People are browsing but they end up buying offline, basically.
A new startup, Tomi plans to address this issue by processing a user’s behavior on a company’s website (using a tracking pixel, combined with ad APIs and CRMs) to help companies reach customers more in the way an ecommerce business would.