Moonbug, a London, UK-based entertainment company that develops content for children, secured $145m in Series A funding.
The round was led by The Raine Group with participation from Felix Capital, Fertitta Capital and others.
The company will use the funds to acquire additional kids’ media properties that align with its mission to create, grow and distribute content for children to build essential life skills.
Co-founded by media veterans René Rechtman and John Robson, Moonbug is a global entertainment company that develops and distributes content for children that encourages healthy values such as compassion, empathy and resilience.
The funding follows Moonbug’s first IP acquisition, Little Baby Bum, one of the most popular YouTube, Amazon, and Netflix properties with more than 23 billion global views.
Moonbug also has a recently opened office in Los Angeles.