Investment Summary

General Atlantic Invests In Chess.com

On January 14, 2022, growth capital firm General Atlantic invested in internet software and services company Chess.com

Investment Highlights
  • This is General Atlantic’s 68th transaction in the Internet Software and Services sector.
  • This is General Atlantic’s 150th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Utah.

Investment Summary

Date 2022-01-14
Target Chess.com
Sector Internet Software and Services
Investor(s) General Atlantic
Deal Type Growth Capital

Target

Chess.com

Orem, Utah, United States
Chess.com is an online destination for playing, learning, and watching chess, with over 75 million registered users and more than 10 million games played every day. Chess.com was launched in 2007 and is based in Orem, Utah.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 314 of 364
Sector: Internet Software and Services M&A 68 of 78
Type: Growth Capital M&A Deals 125 of 139
State: Utah M&A 1 of 2
Country: United States M&A 150 of 175
Year: 2022 M&A 4 of 24
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DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Pixis

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Pixis is a provider of contextual codeless AI infrastructure for complete marketing optimization. Pixis was founded in 2018 and is based in Chicago, Illinois.

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