Online chess academy Eight Times Eight raises $5 million in pre-launch funding

Eight Times Eight, an educational technology platform that provides the best online chess training for children, beginners, intermediate and advanced students, raised $5 million in pre-Seed funding in September of this year.

The Kerala-based company will use the fresh capital to accelerate product development, increase sales of operations and hire new team members. It also plans to develop the Learning Management System and strengthen the technology pool. Eight Times Eight aims to open up the physical centers in a calculated move to shift into hybrid mode with the same.

Founded in 2020 by six students who are international level chess players, Eight Times Eight currently offers live interactive chess lessons to students in over 20 countries. It will also launch India’s first chess kit comprising of a beautifully designed chess board, chess workbook and animated chess videos that will make learning the game fun and exciting.

Eight Times Eight has a mission to popularize chess among children and thereby improve their life skills with the game. Chess has an intellectual image in front of people, and there is a myth that only smart people play chess. The startup wants to debunk this myth and prove otherwise.

Speaking about the platform, Co-Founder and CEO of Eight Times Eight, Abhijith said:

“Chess is not just a game, but a key life skill and has the potential to quietly change the lives of individuals. He can create champions on and off the board. The funds we received will certainly serve to realize our dream of popularizing chess. We are building a community around the world and the domain expertise we have in this area will certainly come in handy.”

The syllabus for the Eight Times Eight workbook is prepared by their ambassador, Grandmaster SL Narayanan, former Indian No. 4, Commonwealth silver medalist and member of the Indian Olympic Chess Team. His online sessions make the child more productive not only in chess, but also in school and in life. The training groups consist of a mix of students from India, USA, Europe, Canada, Singapore, China and the Middle East.

The co-founders of Eight Times Eight have represented India at global events. In September 2021, they started working full time.

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