Announced
Completed
Financials
Tags
Friendly
online chess platforms
Private Equity
Acquisition
United States
online games
Private
Domestic
Completed
Single Bidder
Majority
Online and Social Platforms
Synopsis
General Atlantic, a global growth equity firm, completed the investment in Chess.com, an online chess platform. Financial terms were not disclosed. “Our mission is simple: help people enjoy chess. As a mission-driven, bootstrapped company that never raised venture funding, we knew we needed an experienced, savvy partner to help us in our next stage of growth. General Atlantic has a longstanding commitment to partnership in helping companies grow and thrive, and we are beyond excited to work with them to bring the joy of chess to millions more across the globe,” Erik Allebest, Chess.com Co-Founder and CEO.
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