This logo is very creative. it is the silhouette of a bear. the negative space is used to make features in its face and to cut out a forest it is hugging. bears are always associated with forests and nature. this is a interesting design to look at.
This is for a company called Otto Climan Studio, and you can really see all 3 letters in the design. The teardrop on the C works well to make the end of the S, and the whole design becomes an 0 dues to its smooth, circular sillhouette.