Fathom

Fathom

Early Stage

Fathom is the future of underwater adventure through an affordable, easy to use, underwater drone.

Fathom is the future of underwater adventure through an affordable, easy to use, underwater drone.

Overview

Raised this Round: Raised: $13,712

Total Commitments ($USD)

Platform

Netcapital

Start Date

09/26/2017

Close Date

04/02/2018

Min. Goal
$10,000
Max. Goal
$1,069,992
Min. Investment

$99

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$49.47

Pre-Money Valuation

$5,058,405

Year Founded

2016

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Fort Meyers, Florida

Aerial drones are everywhere. With them, people can discover previously unexplored heights, explore new views, and fly like a bird in their aerial adventures. What about the opposite though? What if you want a swim-like-a-fish adventure? Enter (or, I guess, float) in Fathom One drones. Fathom drones give anyone, anywhere, the chance to create and curate their own underwater experiences. While the Fathom drone is not the only underwater drone out there, it is one of the most affordable and mobile. This drone costs about $800 (several hundred dollars cheaper than competitors), has a 1080p camera, can swim up to 3 knots down to 150 feet, is only 8” long, and weighs 4.5 pounds. It also has a 100 foot wireless connection range -- all of which helped it earn the honor of being a Techstars 2017 company. Created by Danny Vessells, John Boss, and Matt Gira, these three tech and trend savvy co-founders have combined entrepreneurial experience through the Yale Entrepreneurial Institute, the Hope College Entrepreneurial Institute, and the Emerge Xcelerate program. They realized this type of drone fills a pretty significant hole in an estimated $50B market of outdoor recreation and water gear. The Fathom’s 2016 Kickstarter campaign resulted in over 400 pre-orders and over $190,000 in revenue. The patent pending modular thruster system allows for adaptability in many different uses, and the footage it takes seems to be pretty clear. Finding Nemo clear, actually. Revenue is generated by direct sales to consumer through e-commerce and partnership with retailers. Eventually, they plan to have additional revenue through accessories, clothing, and maintenance. You can invest for a minimum of $99 on Netcapital. Since late September, they’ve raised $693 of their $10,000 goal, and the investment offering ends on January 2, 2018. Hook, line, and sinker? I fathom that the fathoms Fathom One will go might just be….unfathomable. And I mean that in a waterproof, no leaks, let’s-go-find-some-cool-octopus kind of way. See DroneLife's piece on Fathom, entitled "Can’t buy stock in DJI? Well you can in Fathom!"
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fathom, a Series of Jason’s Syndicate 03/15/2022 The Syndicate - $1,039,478 Equity - Common Funded RegD 506(b)
Fathom 04/01/2018 Netcapital $5,058,405 $13,712 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Fathom on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $5,058,405
Price per Share: $49.47

Follow company

Follow Fathom on Netcapital

Buy Fathom's Deal Report

Warning: according to the close date for this deal, Fathom may no longer be accepting investments.

Fathom Deal Report

Get KingsCrowd’s comprehensive report on Fathom including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Fathom is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Fathom deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge