Press Release: Pronoun Raises $3.5M from Avalon Ventures to Empower Authors
In addition to Rich Levandov and Brady Bohrmann, Elisabeth DeMarse, Chairman and CEO of TheStreet, joins Pronoun's Board of Directors. DeMarse also sits on the board of AppNexus, and brings with her more than two decades of operational experience in traditional and digital media. Pronoun also welcomes Amazon veteran Stefan Pepe to its Board of Advisors. Pepe formerly served as Director of Amazon's North American books division, and held executive roles at Ideeli, Gilt, and Zynga. He is also a board director at Domino Media Group.
"I spent a decade at Amazon as digital technology transformed the publishing landscape," said Pepe. "I am excited for a new phase of innovation, and Pronoun's emphasis on technology and data, paired with the team's unparalleled focus on the author, uniquely positions the company to create a better model for book publishing."
Pronoun is a digital publishing platform that empowers every author to create and distribute beautiful digital books, own and control their work and their rights, and receive 100% of their earnings - all for free. Pronoun is based in New York City. It is backed by several leading venture capital firms, including Avalon Ventures, Floodgate, Tribeca Venture Partners, VantagePoint Capital Partners, Lerer Hippeau Ventures, Founder Collective, Felicis Ventures, Baseline Ventures, and SV Angel.
Learn more at: www.pronoun.com
About Avalon Ventures
Avalon Ventures is a venture capital firm that has founded and/or funded more than 100 information technology and life sciences companies. The firm is passionate about backing talented entrepreneurs seeking to build market-leading companies. Throughout the firm's 30 year tenure, Avalon's long-standing and successful focus has been on seed and early-stage companies. All Avalon partners are seasoned entrepreneurs with experience in company formation, operations and value creation in the life science and tech sectors. Avalon's current fund of $200 million, launched in 2012, continues the firm's tradition of pursuing disruptive ideas in ever changing markets.