Fathom Holdings Inc. is a technology-driven real estate brokerage company. It was founded in 2010 and is headquartered in Cary, North Carolina. Fathom Holdings is the parent company of Fathom Realty, which is a cloud-based, technology-driven brokerage platform that provides residential real estate services. The company offers a range of services, including buying and selling of properties, property management, relocation services, and mortgage services.
Fathom Realty uses technology to provide a streamlined experience for both agents and customers. The company has developed a proprietary software platform called RealGeeks that allows its agents to manage their business more efficiently and provide a better experience to their clients. The platform includes tools for customer relationship management, lead generation, and marketing automation. Fathom also provides training and support to its agents to help them make the most of the platform.
Fathom Holdings went public in October 2020 through an initial public offering (IPO) on the Nasdaq stock exchange. The company raised $38.5 million through the IPO, selling 3.45 million shares of common stock at a price of $11 per share. The proceeds of the offering were used to pay down debt and to fund general corporate purposes.
Fathom Holdings has been growing rapidly in recent years, driven by the expansion of its agent base and the increasing adoption of its technology platform. As of December 2020, the company had over 6,400 agents in 29 states across the US, up from just over 2,000 agents in 14 states in 2016. The company has also been expanding its presence in international markets, with operations in Canada, Mexico, and Puerto Rico.
Fathom Holdings is focused on disrupting the traditional real estate brokerage model through technology. The company believes that its cloud-based platform and its focus on agent support and training will enable it to continue to grow its agent base and increase market share in the highly competitive real estate industry.