Pursuits
Embattled Moshi Monsters Creator Avoids Bankruptcy
- Mind Candy says it has raised $1.5 million from investors
- Company has renegotiated 6.5 million loan from TriplePoint
Moshi Monsters characters on display at the 2013 London Toy Fair in London on Jan. 22, 2013.
Photographer: Dan Kitwood/Getty ImagesThis article is for subscribers only.
Mind Candy, the London-based company behind Moshi Monsters, has avoided potential bankruptcy by renegotiating a critical loan repayment and securing $1.5 million in new funds from existing investors.
Venture capital firms Accel Partners and LocalGlobe led the investment round with participation from other existing investors, Mind Candy Chief Executive Officer Ian Chambers said in an interview Monday.