$75M for Chegg

Wade Roush9/27/10

[Updated 9:40 a.m. September 27, 2010] Chegg, the Santa Clara, CA-based textbook rental company that’s often called the “Netflix of textbooks,” has raised $75 million in Series E funding, bringing its total venture financing to nearly $220 million. Kara Swisher of AllThingsD first reported the news this weekend, and identified Hong Kong investment firm Ace Limited as the investor. A representative of Chegg’s public relations firm confirmed the news this morning. The new funds come on top of previous investments from Kleiner Perkins Caufield & Byers, Insight Venture Partners, Gabriel Venture Partners, Foundation Capital, and others.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com. Follow @