CVC invests in CHESS.COM

Chess.com operates the world’s largest online chess platform, providing a suite of interactive services to a global membership exceeding 250 million individuals. Daily activity reaches approximately 10 million users who engage in live matches, automated game analysis, tactical puzzles, instructional lessons, and a curated library of video courses. The platform also delivers live streaming of major tournaments, hosts a social forum for player interaction, and maintains a marketplace for chess‑related content. Founded two decades ago, the company has expanded its reach through partnerships with broadcasters, educational institutions, and a network of independent content creators. Its technology stack supports cross‑platform access via web browsers, iOS, and Android applications, enabling seamless play across devices. Revenue is generated through tiered subscription plans, advertising placements, and premium instructional products, while a small proportion derives from corporate sponsorships tied to event coverage. Chess.com’s workforce of more than 650 employees functions entirely remotely, coordinating product development, community management, and customer support from multiple geographic locations. Recent growth has been fueled by cultural catalysts such as a popular television series, viral social‑media trends, and an expanding creator ecosystem that produces original instructional material. The company’s stated mission emphasizes accessibility, enjoyment, and reward for players at every skill level, guiding ongoing feature development and community initiatives.