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Moonbug, a kid-focused media business founded by a pair of entertainment executives, has raised $145 million in a Series A investment round.
The round was led by The Raine Group, a merchant bank that supports technology, media and telecom efforts, with participation from Venture capital firms Felix Capital and Fertitta Capital also participated in the financing.
Moonbug, headquartered in London, acquires and distributes media content made for kids.
With its Series A investment, Moonbug will amp up its M&A activity to expand its portfolio of content that “helps children build essential life skills.” Moonbug chief executive officer René Rechtman, who spent the last three years as the head of digital studios at The Walt Disney Co., says they plan to acquire eight media businesses.
Rechtman and John Robson, a former senior vice president of digital distribution at Paramount Pictures and vice president of global content at HTC, launched Moonbug earlier this year.
“I see an independent creator and I put them in very simple brackets: one is high viewership and engagement and one is quality of IP,” Rechtman told TechCrunch. “If they have both of those, I am very interested.”