Moonbug Secures $120 Million in Funding, Acquires CoComelon & Blippi

Moonbug Entertainment has raised $120 million in a funding round to support growth and acquisitions, along with adding to its portfolio the YouTube sensations CoComelon and Blippi.

CoComelon is touted as the world’s most-viewed YouTube channel, with over 3.5 billion average monthly views. It focuses on relatable family experiences that help kids constructively interact with daily routines, making parents’ lives easier. Blippi has more than half a billion average monthly views. The brand comprises a live-action program that has educational content, a successful toy line and sold-out live shows in the U.S.

Moonbug Entertainment secured the $120 million in a funding round led by Goldman Sachs Growth Equity (GS Growth) and Fertitta Capital. Existing investors The Raine Group and Felix Capital participated.

“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,” said Renè Rechtman, co-founder and CEO. “It is a transformational step for our business.”