Chess.Com Gets Major Growth Investment From General Atlantic

Leading growth equity firm General Atlantic has made a major growth investment in Chess.com. However, the parties involved have not disclosed the details of the transaction. Despite this, Chess.com has confirmed that the investment is for the purpose of its further growth and development.

A major reason for Chess.com to partner with General Atlantic is to reach a broader audience in new ways. It expects to do so using General Atlantic's investment as well as its previous expertise in growth development.

Additionally, the company also believes that General Atlantic's previous investments in companies such as Slack, Snap, TikTok, AirBNB and Adyen have given them the expertise needed to grow and develop a community platform such as Chess.com. It believes it can leverage these experti...

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