Venture capital News and Deals
Venture Capital
Chegg Secures $25,000,000 Series C Funding
2008-12-18 | VentureDeal Database
| 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. |
