6waves Lolapps Receives Equity Investment
6waves Lolapps, a recently formed group between a merger of global social games publisher Six Waves Inc. and social game developer Lolapps, has received an equity investment of undisclosed amount.
Investors included worldwide leader in microtransaction-based online games, Nexon Co., Ltd. and existing shareholder Insight Venture Partners.
This new company intends to use the funding to accelerate its international expansion, and to grow the Lolapps’ game development studio.
Formed in 2011 and led by CEO Rex Ng, 6waves Lolapps focuses on global growth, with offices in the United States, Japan, Hong Kong and the United Kingdom. Its games currently reaches approximately 35m global monthly active users, according to a written statment.