After securing £11m from Santander Corporate & Commercial London-based Coolabi Group Ltd is to grow its portfolio and make strategic acquisitions.
The company specialises in the creation, development and brand management of children’s and family entertainment intellectual property rights.
Coolabi owns the rights to over 20 TV series and its shows have aired in more than 140 territories on channels including ABC, The Cartoon Network, CBBC, CBeebies, Disney, Netflix and Nickelodeon.
Brands owned and / or represented by the firm include the multi award-winning remake of Clangers, and Scream Street, shown on CBBC.
Other properties include Beast Quest, Poppy Cat, Purple Ronnie, Smallfilms’ Bagpuss and Ivor the Engine.
The group also creates original series fiction for publishers and has created around 100 published series, consisting of around 1,500 books, sold in more than 40 languages.
Four of these series namely Warriors, Beast Quest, Animal Ark and Rainbow Magic have sold over 10 million copies each.
The funding package has helped Coolabi refinance existing debt and will support the long-term growth strategy, which includes investment in digital apps as well as new titles and the production of original content.
In addition, the firm is targeting further acquisitions. Recent brand extensions for the group include the Beast Quest gaming app, which has achieved over 10 million downloads.