There is consistent proximity throughout the logotype. The negative space forming the "N" makes sense with the name because looking at the logotype engages the audience when locating the "N". I also think the logotype font works well bold.
Favorite Fonts of the Month : March Edition
Modern Brand and Website Design - Modern Lettered Logo - Saffron Avenue - Hand-written, script, messy font, modern, Inspiration, Modern Logo Design, Font Favorite, Typeface,