(Photo courtesy of The Atavist)
Who’s getting money?
The Atavist, the innovative multimedia longform journalism publisher, closed a $2 million debt-only round, according to an SEC filing. As this follows up on two previous equity-only rounds of roughly $4 million total, this could be a sign that the company has strong enough earnings that it believes it can finance its growth into the next phase rather than diluting its equity further. We recently covered local organizations arguing for debt-based expansion.
Who’s making moves?
However, The Atavist’s partnership with various publishing leaders that created Atavist Books is shutting down at the end of this year, according to Publishers Weekly.
Who’s getting buzz?
Crown Heights’s Max Amato was featured, with his collaborators, in a post on Technical.ly Philly for their blog celebrating monochromatic design, Topswatch. Amato moved here this summer to begin work at Manhattan’s Carbone Smolan Agency, he told us via email.
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