6waves Lolapps Confirms Funding From Nexon, Insight Venture Partners

By AJ Glasser Comment

Recently merged social game developer and publisher 6waves Lolapps confirmed today that it has raised funding, naming Nexon and Insight Venture Partners as investors.

Though 6waves Lolapps did not disclose terms of the investment, previous reports based on an SEC filing put the total at $35 million.

While the New York-based Insight Ventire Partners has had a history of backing social game companies, Korean company Nexon is fairly new to the space — both as an investor and a developer. Its most recent activity was the public beta launch of Maple Story: Adventures, a Facebook role-playing adventure game based on Nexon’s long-running MMO, Maple Story. Prior to that, the company invested $5 million in social game developer A Bit Lucky.