Chess.com, a Draper, Utah-based chess platform, received a growth investment from General Atlantic.
The terms of the transaction were not disclosed.
The company intends to use the proceeds from the investment to continue to expand its business reach.
Launched in 2007 and led by Erik Allebest, CEO, and Grant Lee, COO, Chess.com an online destination for playing, learning and watching chess, with over 75 million registered users and more than 10 million games played every day. The company offers an extensive suite of free and paid options to both novice and experienced players, including online chess gameplay, puzzles, game analysis, and hundreds of lessons taught by chess grandmasters and coaches. Members can engage with friends through a social community via the Chess.com app and website, ChessKid, Learn Chess with Dr. Wolf, and other apps. Chess.com has also become a key content provider to the global chess community, streaming some of the world’s largest chess tournaments, including the World Chess Championship. Chess.com currently has 300 full-time team members.
FinSMEs
17/01/2022