About Chess

Chess Ventures is a private equity firm that invests in earlier-stage technology companies that have direct application to the financial services industry. The firm is headquartered in San Francisco, with an office in London, and it is funded in part by the Schwab family.

Chess Ventures, Ltd., is the investment vehicle used to conduct the strategic investment activities of the firm. The investment team is led by Charles Schwab, Jr. and the shareholders include large financial institutions located outside of the United States. The strategic goal is to provide the Fund's shareholders with the ability to access and adopt new technologies that will provide competitive advantage and direct financial benefit.

The financial services industry collectively accounts for over 40 percent of all IT spending globally, providing Chess with a broad investment landscape and Chess portfolio companies with a vibrant end-market.