CVC has agreed to invest in Chess.com through CVC Capital Partners IX, joining existing shareholder General Atlantic, which will remain an investor following the transaction.
The investment is intended to support Chess.com’s continued platform development, product innovation and expansion of its global chess community. Chess.com is an online chess platform, serving more than 250 million registered members and approximately 10 million daily active users worldwide. The fully remote company employs more than 650 people and provides live gameplay, game analysis, puzzles, lessons, tournament coverage, social features and educational content for players of all skill levels.
Goldman Sachs served as financial advisor to Chess.com.