Saturday, June 14, 2025

A profile of Chess.com, which has popularized online chess among pro athletes, as CEO Erik Allebest says the site has over $100M in annual revenue and 35M MAUs (Ira Boudway/Bloomberg)

Ira Boudway / Bloomberg:
A profile of Chess.com, which has popularized online chess among pro athletes, as CEO Erik Allebest says the site has over $100M in annual revenue and 35M MAUs  —  Social media is a minefield for pro sports players.  But online chess offers rankings, instant analysis, wholesome interactions and few trolls.



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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...