Tokyo-based publisher Nexon has joined London Venture Partners in a new seed fund focused on game companies in Europe.
“We believe that the European market represents significant untapped potential where we can apply our domain-specific strategic and operational expertise to help lead young game start-ups to success,” said London Venture Partners’ David Gardner in a statement.
The VC has previously invested in several successful developers in Europe, including Applifier, NaturalMotion, Playfish and Supercell. The new fund will make seed investments between US$50,000 and US$500,000, according to LVP.
In July Nexon America revealed a publishing partnership with Canadian studio United Front Games, and also acquired a stake in Austrian game developer Socialspiel Entertainment earlier this year.
Nexon reported stable earnings for the 2013 final quarter and fiscal year, with annual revenues up 43 per cent to 155.3 billion JPY, and both operating and net income rising 7 per cent year-on-year to 50.7 billion JPY and 30.1 billion JPY respectively.
