Jeff Wigh and Adam Roush created ChessUp, an AI-powered chessboard designed to make learning and playing chess easier for all skill levels. They appeared on Shark Tank in 2022 and secured a $300,000 deal with Lori Greiner.
This led to a surge in sales and crowdfunding success, raising over $1.7 million on Kickstarter and Indiegogo. Therefore, ChessUp is now valued between $1 million and $2.5 million and continues to grow internationally.
This article explores how ChessUp’s innovative design transformed the chess-learning experience and what’s next for the company as it expands its reach globally
ChessUp Net Worth
| Estimated Net worth | $1 Million – $2.5 Million (2024) |
| Annual Sales Revenue | $1.4 million (2023) |
| Lifetime sales | $31 Million (2022) |
| Investor | Lori Greiner |
| Founders | Jeff Wigh and Adam Roush |
| Employees | 10 to 50 |
ChessUp Pitch on Shark Tank
| Company name | ChessUp |
| Product | Chess Game with AI Technology |
| Episode | Season 14 Episode 09 |
| Founders | Jeff Wigh and Adam Roush |
| Asked for | $300,000 for 5% equity |
| Final deal | $300,000 for 5% equity plus a 3% royalty |
| Shark | Lori Greiner |
| Location | USA |
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ChessUp Founders
ChessUp was founded by Jeff Wigh and Adam Roush in 2019. Two founders are heavy gamers. They met each other in a STEM-based game Lab. ChessUp’s founders, Jeff Wigh and Adam Roush have a net worth of USD 5 Million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | ChessUp has partnered with the US Chess Federation |
| 2022 | ChessUp appeared on Shark Tank |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for ChessUp and its continued success.