Fathom — Funding & Company Data
Financial overview and investor data for Fathom.
Founded
2020
Stage
Series a
Total Raised
$21.83M
HQ
San Francisco, California
Team
51-200
Model
freemium
Analyst Take
Fathom's funding trajectory indicates strong and growing investor confidence in the AI-powered productivity space. The initial backing from Y Combinator provided a solid foundation, followed by a significant Seed round with participation from early Zoom investors, which was a strong signal of the product's relevance to the virtual meeting ecosystem.
The recent $17 million Series A led by Telescope Partners in September 2024, with continued participation from earlier investors, demonstrates the company's ability to hit key milestones and attract further institutional capital. A notable aspect of their Series A was the inclusion of a $2 million crowdfunding component from its users via Wefunder, which not only provided additional capital but also validated its strong user community and product-market fit.
While the verified funding totals $21.8 million, some sources like PitchBook suggest a higher figure of $30.2M, though the components of this larger amount are not clearly substantiated in public records. This discrepancy could indicate undisclosed rounds or different reporting standards. Assuming a total raise of at least $21.8 million, Fathom appears well-capitalized to compete in the crowded AI notetaker market against competitors like Otter.ai and Fireflies.ai. The company's focus on deep CRM integrations for sales teams provides a strong niche.
Stability
Fathom appears to be a stable company with a strong likelihood of being around in 2+ years. The recent and substantial Series A funding in late 2024 provides significant operational runway, and the backing from reputable investors adds to its credibility.
Growth
Fathom is on a high-growth trajectory, as evidenced by its successful fundraising and reported 90x revenue growth and 20x usage growth in the two years preceding its Series A round. The company is actively hiring and expanding its feature set, indicating a focus on continued expansion.
For Buyers
For a potential buyer, Fathom's solid funding and strong investor backing reduce the risk of the service being discontinued abruptly. The company's freemium model allows users to test the core functionality before committing to a paid plan, making it an attractive option for both individuals and teams.
Funding Timeline
Investors: Telescope Partners, Maven Ventures, Character, Active Capital, Rackhouse Ventures, Wefunder
Investors: Maven Ventures, Bill Tai, Matt Ocko, Character, Active Capital, Global Founders Capital, Rackhouse.vc, Soma Capital, Zoom, CEOs of Reddit, Twitch, Cruise, Mercury, People.ai, Snapdocs, Shogun
Investors: Y Combinator