Chegg Obtains $2,400,000 New Financing

  • Feed Type
  • Date
    5/21/2012
  • 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
    $2,400,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed