nexon

  • Europe’s Game Sector Gets New Seed Fund Raised By LVP, Backed By Nexon, Zynga CEO, Wargaming

    Europe’s Game Sector Gets New Seed Fund Raised By LVP, Backed By Nexon, Zynga CEO, Wargaming

    London Venture Partners (LVP) has announce a new early stage seed fund focused primarily on the European games sector. The eponymously named ‘LVP Seed Fund I’ is LVP’s first fund raised from third party investors. Backers of the new fund include Asian freemium gaming giant Nexon, long-time strategy game developer Wargaming, and social gaming company Zynga’s CEO Don… Read More

  • Asian Gaming Giant Nexon Sees Revenues Climb 39% To $331.4M

    Asian Gaming Giant Nexon Sees Revenues Climb 39% To $331.4M

    Nexon, the freemium gaming company that went public around the time that Zynga did, saw its fourth-quarter revenues jump 39 percent to 30.9 billion Japanese yen ($331.4 million). It still posted a net loss of 94 million yen ($1 million) because of writedowns in various investments and higher tax expenses in South Korea. Founded in Seoul almost 20 years ago, Nexon built a strong business in… Read More

  • Here’s How Nexon Has Quietly Outperformed Zynga Since Both Of Their IPOs Last Year

    Here’s How Nexon Has Quietly Outperformed Zynga Since Both Of Their IPOs Last Year

    Here in these parts, we may write a tad too much about our Silicon Valley gaming brethren like San Francisco’s Zynga and Redwood Shores’ Electronic Arts. But there’s actually a company that’s worth quite a bit more and has outperformed both since its IPO last December. It’s Nexon, a free-to-play gaming company that started out in South Korea and quietly grew a… Read More

  • Korean Online Gaming Giant Nexon To Raise $1.3 Billion With IPO In Japan

    Korean Online Gaming Giant Nexon To Raise $1.3 Billion With IPO In Japan

    Korean online gaming powerhouse Nexon is seeking to list on the Tokyo Stock Exchange next month, Japanese business daily The Nikkei is reporting today. According to the paper, the company aims to raise a total of 100 billion yen (US$1.3 billion), which would be the biggest IPO in Japan this year. Nomura Securities, Morgan Stanley and Goldman Sachs will manage the offering, with Nexon expecting… Read More

  • Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Silicon Valley loves to dismiss Asian companies as nothing more than copycats who thrive, particularly in China, because the government protects them and punishes Western competitors. Even when the businesses in question are dramatically different in practice and scale, they are described as the “eBay of China”, “The Google of China” and “the YouTube of… Read More

  • Social Game Developer A Bit Lucky Scores $5M From Nexon

    Social Game Developer A Bit Lucky Scores $5M From Nexon

    Social game developer A Bit Lucky has raised $5 million in new funding from South Korean gaming company Nexon. This brings A Bit Lucky’s funding to nearly $8 million. Previous investors include SV Angel, Founder Collective, Felicis Ventures, Lerer Ventures, Delicious founder Joshua Schachter, and others. A Bit Lucky, which was founded by Frederic Descamps and Jordan Maynard, is best… Read More