Fathom

Early Stage

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

Analytics

Raised to Date: Raised: $13,712

Aggregate Commitments $

Platform

Netcapital

Start Date

09/27/2017

Close Date

04/02/2018

Min. Goal

$10,000

Max. Goal

$1,069,992

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$5,058,405

Rolling Commitments $

Status
Funded
Reporting Date

04/29/2018

Days Remaining
Funded
% of Min. Goal

137%

% of Max. Goal

1%

Likelihood of Max
Funded
Avg. Daily Raise

$73

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

Fort Meyers, Florida

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

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.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Fathom on Netcapital
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $5,058,405

Follow company

Follow Fathom on Netcapital
View on Netcapital (Closed)
Bullish / Bearish
You're Bullish on Fathom on Netcapital

Thank you for your vote on Fathom on Netcapital

Bullish / Bearish
You're Bearish on Fathom on Netcapital

Thank you for your vote on Fathom on Netcapital