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Rather than have the bubbles span across the top of the company name from the far left to the far right, perhaps you could replace the O in Project with one of the blue O's and have them bubble up and to the left from there. You may also want to scale down some of the larger O's to create a balance between this icon and the company name.
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I was about to post the very same thing until I saw this comment! I would make the 'o' in project blue and scale down the o's above the text. I would decrease the amount of 'o's used as well. I also think the main text could be a little more interesting, slightly thicker font? 'fun & project' is a little small and should be scaled up some. Overall great start and creative idea.