Chegg Secures $25,000,000 Series C Round

  • Feed Type
  • Date
    12/17/2008
  • 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 text books at a large markup. After helping thousands of college students on campuses west of the Mississippi find cheap textbooks, tickets and tenants, Chegg.com is now available at a lot more campuses.
  • Website
    http://www.chegg.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The financing will be used to grow the site to provide superior service to students, increase the textbook rental catalog and expand leadership in the textbook rental market.
  • M&A Terms
  • Venture Investor
    Gabriel Venture Partners
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Foundation Capital
  • Venture Investor
    Undisclosed

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