Textbook rental site Chegg.com raises another $57m
Popular textbook rental site Chegg.com continues to raise tremendous amounts of money — today it announced a $57 million fourth round, as well as $55 million in credit and debt.
The Santa Clara, Calif. company says it will use the extra $112 million (!) to meet the demands of its rapid growth. Chegg applies a Netflix-like model (where you check out the books you need at the beginning of the semester then send it back to… Continue Reading
Textbook site Chegg.com raises $25M from Kleiner Perkins
Textbook rental site Chegg.com announced today that it has raised $25 million in a third round of funding led by Kleiner Perkins Caufield & Byers and Foundation Capital.
That’s an impressive amount of cash, especially with the current economy and what some see as Kleiner’s move away from web investments. But Chegg’s co-founder and chief executive Osman Rashid says the Santa Clara, Calif. startup has already proven that its business model is sound. When the company… Continue Reading