Fathom Video

Fathom Video

Growth Stage

Never take notes on a meeting again

Never take notes on a meeting again

Overview

Raised this Round: Raised: $2,028,613

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/12/2024

Close Date

09/12/2024

Min. Goal
$50,000
Max. Goal
$1,700,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.23

Pre-Money Valuation

$73,000,000

Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

South Lake Tahoe, California

Business Type

High Growth

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.

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$1,280,616

$113,581

COGS

$1,371,005

$0

Tax

$2,433

$2,246

 

 

Net Income

$-3,603,467

$-2,366,720

Summary Balance Sheet

FY 2024 FY 2023

Cash

$3,134,506

$1,427,613

Accounts Receivable

$43,831

$160

Total Assets

$4,860,936

$3,417,554

Short-Term Debt

$1,124,324

$175,981

Long-Term Debt

$0

$0

Total Liabilities

$1,124,324

$175,981

Financials as of: 08/12/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Fathom Video 09/12/2024 Wefunder $73,000,000 $2,028,613 Equity - Preferred Funded RegCF
Fathom Video 03/14/2023 Wefunder $30,000,000 $1,235,028 SAFE Funded RegCF
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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.

Employee History

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Fathom Video on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $73,000,000
Price per Share: $0.23

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