Moonbug Entertainment raises £91.7m Series B investment led by Goldman Sachs and Fertitta Capital to fund growth and acquisitions.
Moonbug Entertainment is a global digital media company that acquires and develops children's intellectual property for worldwide distribution. The firm manages a large portfolio of educational programming across streaming platforms and video networks.
Moonbug Entertainment has secured a Series B funding round of ninety-one million seven hundred thousand pounds to accelerate its expansion and strategic acquisitions. The financing was led by Goldman Sachs Growth Equity and Fertitta Capital, with participation from returning backers The Raine Group and Felix Capital. The capital will support the company as it scales its portfolio of children's media brands globally.
The investment coincides with the company's acquisition of popular YouTube properties CoComelon and Blippi, a move designed to cement its position in digital kids entertainment. Moonbug plans to utilise the fresh capital to drive further content development, merchandise licensing, and international platform distribution.
From the founder
"It is a tremendous accomplishment to acquire two of the world’s most loved children’s shows. We are excited to support their continued growth and expand the brands into global entertainment franchises,"
Renè Rechtman
Co-founder and CEO at Moonbug Entertainment
Investor perspective
"We are excited to back Renè, John, and the rest of the Moonbug team as they continue creating the next generation of kids content. Their strong diversified asset portfolio combined with their creative capabilities and platform reach make them a true category leader within the global entertainment industry,"
Nishi Somaiya
Partner, Goldman Sachs Growth Equity
Use of funds
- 01Fund acquisitions
- 02Scale operations
Investors
Categories
About the company
Moonbug Entertainment
Moonbug Entertainment creates and distributes educational children's content for global audiences.