About this raise
Fathom Video, with a valuation of $73 million, is raising funds on Wefunder. The company has developed an AI-powered platform to replace manual note-taking with automatic note-taking. Fathom Video’s AI notetaker enables its users to recall and share important information from their virtual meetings through real-time recording, transcription, and AI-based summarisation. It is the most-installed AI meeting assistant on both the Zoom and HubSport marketplaces and reported a 77 times growth in revenue in 2022. Richard White founded Fathom Video in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.7 million. The campaign proceeds will be used for additional engineering hires and additional hiring across the company.
Investment Overview
Invested : $2,008,463
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/12/2024
- Close Date
- 09/12/2024
$50,000
$2,200,000
$100
Equity - Preferred
Series A
RegCF
$0.23
$73,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +1,028% YoY
- $1,280,616
- Monthly Burn
- $200,000
-
Runway
- 24+ months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $25,661,348
- VC Backed?
- Yes
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.