Another great African start-up secures funding

by Stii

Chesscube, a Cape Town based start-up just announced they received a whopping $1.25 million in second round funding. That is great news for the guys and I’m happy for them. Chesscube is a great online chess playing community with more than 650 000 users in 207 countries.

Chesscube

I registered a couple of months ago on behalf of my 9 year old son who loves playing chess. I myself sucks at chess. :P I was blown away by the features and the functionality it offered and it REALLY is any chess player’s dream. It is a great example of social networking meets online gaming and we all know that chess is one of the most popular games. If you are even slightly interested in playing chess or if you think you are a worthy adversary in the art of warfare then join! You’re bound to love it. If you think you’re hardcore enough, then join one of their tournaments. Believe me, I got my ass kicked in matters of minutes…

Just looking at Chesscube, one can see a myriad of revenue possibilities which is fantastic! I think they have a brilliant future ahead of them and their investors are bound to be a happy bunch in the not-so-far future. Well done to Mark Levitt (CEO) and his team. Well done to Vinny Lingham for spotting this great opportunity and being an early investor.

Oh, and if you play chess and would like to feel better about yourself by beating somebody into the ground, look me up on Chesscube…