Online chess Business ChessCube Receives US $1.25m VC Funding
Rob
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ChessCube has concluded a US$1.25m funding agreement with Venture
Capital fund, InVenFin (Pty) Ltd. InVenFin, the VC-focused subsidiary
of VenFin Limited, invests in intellectual property-based start-ups
with global potential. This transaction brings ChessCube’s total
funding to date to US$1.8m. The partnership between ChessCube.com and
InVenfin will allow ChessCube.com to become the most recognized and
loved online brand for chess enthusiasts.
ChessCube is an online chess site, which allows players of all skill
levels to compete and learn chess, while socializing with others. With
a potential market of over fifty million active chess players in the
world, ChessCube.com has already attracted over 650,000 registered
users across 207 countries – making it one of the leaders in the
growing online chess market.