'Oggy & The Cockroaches' Xilam Animation secures $26M funding

Xilam Animation, the parent company of popular 'Oggy & The Cockroaches' has secured 1 25.9M capital increase by selling ofnew shares to private investors. The funds will be used for company expa...
'Oggy & The Cockroaches' Xilam Animation secures $26M funding

Xilam Animation, the parent company of popular 'Oggy & The Cockroaches' has secured 1 25.9M capital increase by selling of new shares to private investors. The funds will be used for company expansion and help in the exploration of procurement and also other production opportunities. The animation house creates, produces and distributes children’s and family entertainment across TV, film and digital media platforms. Oggy & The Cockroaches is one of their creations which are an international success. Zig & Sharko, The Daltons and its first pre-school series, Paprika are some of their other creations, which are being broadcasted on many networks and platforms in over 190 countries. Last year, their content had 2.6B views on YouTube. Xilam will receive capital raise through issued 446,500 new shares and it counts 9.09% of the company’s share capital after the transaction. The contract of the new shares issued and their access to trading on Euronext Paris will start from the June 29.

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