6waves Lolapps Raise $35M

8/5/11

6waves Lolapps—the entity formed from the July merger of San Francisco-based social game developer Lolapps and Hong Kong-based game publisher Six Waves—has raised $35 million in an offering of equity and options, according to a regulatory filing. The investors included Tokyo-based Nexon, a maker of microtransaction-based online games, and Insight Venture Partners of New York, according to a company announcement. Thanks to the new funds, “We are able to aggressively scale the company and continue our mission of offering developers the best possible publishing platform together with developing quality games through Lolapps which will combine to give consumers an unparalleled gaming experience,” Six Waves CEO Rex Ng said in the announcement.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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