Press Release: Pronoun Raises $3.5M from Avalon Ventures to Empower Authors
Pronoun joins Avalon Ventures' successful investment portfolio in digital media, which includes Zynga, Simulmedia, Tapad, and Bookbub. Avalon Ventures partners Rich Levandov and Brady Bohrmann join Pronoun's Board of Directors in conjunction with leading this investment.
"Book publishing remains a multibillion dollar industry and an important part of our media culture, but its infrastructure and business model is trapped in an analog world. We believe there's a massive opportunity to rethink how publishing works and operates," said Rich Levandov, Partner, Avalon Ventures. "As an investor, I look for companies and teams that are not only willing to be first movers, but that stand up for, and empower, creators. We invested in Pronoun because, like us, this team believes the future of publishing will be driven by technology, data, and a model that puts authors first."
- Places:
- New York City