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London's Moonbug raises $145M, looks to buy children's media properties

Moonbug Entertainment Ltd., a London-based digital media and entertainment company that creates content for children, has raised $145 million in series A funding, according to a Dec. 17 Moonbug press release.

The investments were led by Raine Group LLC, a merchant bank that invests in technology, media and telecom, with venture capital firms Felix Capital Partners LLP and Fertitta Capital Inc. also participating, among others.

Moonbug's co-founder and CEO, René Rechtman, was recently the head of nonlinear media networks at Walt Disney Co. Moonbug said in the press release that the capital will be used to acquire additional media properties focused on helping children build "essential" life skills.

"There are so many brilliant creators around the world developing quality content that children love," Rechtman said in the release. "There is so much potential to develop these franchises further through a 360-degree approach to offer a media environment that guarantees age-appropriate video content propagating healthy values."