Pronoun, a New York City-based digital book publishing platform for authors, raised $3.5m in funding.
The round was led by Avalon Ventures. In conjunction with the funding, Avalon Ventures partners Rich Levandov and Brady Bohrmann joined Pronoun’s Board of Directors along with Elisabeth DeMarse, Chairman and CEO of TheStreet. In addition, Amazon veteran Stefan Pepe joined the Board of Advisors.
The company intends to use the funds to further develop its technology and data analytics.
Led by Josh Brody, Chief Executive Officer, Pronoun has launched a new book publishing platform, which uses technology and data to empower authors to create, distribute, and market their books while controlling all intellectual property rights and keeping earnings. Its proprietary data and analytics engine tracks performance, customer behavior, and pricing statistics on more than 5 million books each day.
Major media companies, brands, and bestselling authors, including The New York Times, The Wall Street Journal, Forbes, Fast Company, Jon Krakauer, Jodi Picoult, and Nick Hornby, have published more than 7,000 titles on Pronoun’s digital book creation and distribution platform.