Chegg Garners $75,000,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d35dc612-7124-43e9-b8ed-83ef2f023a17&Preview=1 - 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
