Atomic Features Secures New Financing, Announces Development Fund (EXCLUSIVE)

variety.com:

Brent Lang Executive Editor Atomic Features, the production company co-founded by Daniel Ragussis (“Imperium”) and Dennis Lee (“Fireflies in the Garden”), has closed, what it is describing as “a significant” new round of equity financing.

The round was led by Fanghua Jiang, Li Jing, and Lanfu Yang. The company says the new investments will enable it to expand its development slate, adding between four to eight new projects, as well as launch a production fund to finance the first three films it is developing — real-time disaster thriller, “Black Tuesday”; the horror movie, “Breed”; and the dystopian thriller, “The Oasis.” The company offers a different type of development methodology than the traditional Hollywood model by working with directors from the inception of a project, and relies upon a formalized notes-giving process pioneered by Ragussis in his Notes for Execs workshop, which launched in 2019 and has included participants from such companies as Warner Bros., Universal, Fox and Disney.

Atomic’s development fund was first launched and announced in 2024, after an initial round of funding from a consortium of investors led by CXM Enterprises, Davis & Associates, and Pine Valley Investments.

Jiang, a former portfolio investment advisor for high-net-worth individuals at JP Morgan Private Bank, and for non-profit institutions such as the Carnegie Hall Endowment at Paloma Partners, was also a managing director at Global Endowment Management.