Fathom Video

Growth Stage

Never take notes on a Zoom call again

Analytics

Raised to Date: Raised: $793,214

Aggregate Commitments $

Platform

Wefunder

Start Date

10/18/2022

Close Date

05/31/2023

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$30,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

173

% of Min. Goal

793%

% of Max. Goal

74%

Likelihood of Max
extremely
Avg. Daily Raise

$15,254

# of Investors

650

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

South Lake Tahoe, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Fathom Video, with a valuation of $30 million, is raising funds on Wefunder. The company has developed an AI-powered platform to replace manual note-taking with automatic note-taking. The platform enables its users to recall and share important information from their virtual meetings through real-time recording, transcription, and AI-based summarisation. Fathom is the top app in the Zoom App marketplace and reported a 30% month-over-month usage growth in the last six months. Richard White founded Fathom Video in August 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.07 million. The campaign proceeds will be used for additional engineering hires, additional customer care hires, and customer marketing expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,951,776

$-481,607

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,246,816

$1,148,350

Accounts Receivable

$0

$0

Total Assets

$2,478,162

$1,199,633

Short-Term Debt

$49,182

$50,277

Long-Term Debt

$0

$0

Total Liabilities

$49,182

$50,277

Financials as of: 10/18/2022
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.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

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 Video on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

Follow company

Follow Fathom Video on Wefunder 2022
View on Wefunder
Bullish / Bearish
You're Bullish on Fathom Video on Wefunder 2022

Thank you for your vote on Fathom Video on Wefunder 2022

Bullish / Bearish
You're Bearish on Fathom Video on Wefunder 2022

Thank you for your vote on Fathom Video on Wefunder 2022