Chegg Garners $75,000,000 New Financing

  • Feed Type
  • Date
    9/26/2010
  • 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
    $75,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Ace Limited