Six Waves Inc.

Six Waves Inc. is a mobile game publishing company that specializes in delivering high-quality social games to a global audience, focusing on various popular genres. Founded in 2008 in Hong Kong, Six Waves Inc. operates in the mobile gaming sector, providing publishing services for social games.

The company underwent a merger with Lolapps in 2011, resulting in the formation of 6waves Lolapps. In February 2022, Stillfront Group AB acquired Six Waves Inc. for USD 201 mn. Terry Cheng, the founder, has a background in technology and gaming, and has been instrumental in establishing the company's partnerships and growth trajectory.

The company has raised a total of USD 17. 50 mn, with its latest funding round being a Growth round led by Insight Partners. Six Waves specializes in mobile game publishing, focusing on delivering high-quality social games to a diverse audience worldwide. The company's core product offerings include a robust portfolio of mobile games in popular genres such as strategy and RPG, catering to a wide range of players across tier one markets, including Japan, the United States, Hong Kong, and Taiwan.

Since its inception, Six Waves has developed strategic partnerships with game developers globally, enabling them to bring compelling gaming experiences to millions of users. The company emphasizes culturalization and product guidance as part of its service model, ensuring that games resonate well with local audiences. By providing technical support and quality assurance services, Six Waves enhances the overall gaming experience, making it appealing to both casual and hardcore gamers. Six Waves generates revenue through strategic partnerships with game developers, focusing on a model that typically includes profit-sharing agreements and publisher fees for the games it brings to market.

The company collaborates closely with developers to optimize game performance and revenue generation, often leveraging insights gained through community management and live operations. Players access their games via app stores, contributing to the company’s revenue stream. Pricing structures for games may vary based on genre and market dynamics, but they generally align with industry standards for mobile gaming. Flagship titles in the gaming portfolio further enhance revenue potential by attracting dedicated player bases, driving in-game purchases and subscriptions that bolster the company's financial performance.

Looking ahead, Six Waves plans to expand its portfolio by developing new mobile games, although specific titles and release dates have yet to be announced. The company is targeting additional market penetration in regions such as Southeast Asia and Europe by the end of 2023. The recent funding from the Growth round will be utilized to support these initiatives, enhancing product development and marketing efforts to capture new audiences.