Chegg Receives $24,983,416 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a2c85b06-dba3-4a93-aedf-445044f10840&Preview=1 -
Date
3/9/2012 -
Company Name
Chegg -
Mailing Address
4655 Old Ironsides Road Santa Clara, CA 95054 -
Company Description
Chegg, whose name is a combination of chicken and egg, was conceived out of the founders’ frustration with the used book-buying policies at their university bookstore – which would pay students a fraction of the cover price and then resell used textbooks at a large markup. -
Website
http://www.chegg.com -
Transaction Type
Venture Equity -
Transaction Amount
$24,983,416 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. -
M&A Terms
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Venture Investor
Undisclosed
