What is Chegg?
Founded in 2005 and headquartered in Santa Clara, California, Chegg operates as a comprehensive student-connected learning platform. Its services span a wide array of academic support, including test preparation, online tutoring, study resources, textbook rentals and sales, internship opportunities, and scholarship access. Chegg's business model is designed to support students from high school through college and beyond, providing essential tools and services to navigate their educational journeys and career development.
How much funding has Chegg raised?
Chegg has raised a total of $420.1M across 10 funding rounds:
Series B
$4.7M
Series C
$25M
Debt
$55M
Other Financing Round
$75M
Other Financing Round
$6M
Private Equity
$25M
Other Financing Round
$2.4M
Stock Offering
$187.5M
Share Placement
$37.3M
Series B (2008): $4.7M led by Primera Capital, Oren Zeev, Zeev Ventures, and Felicis Ventures
Series C (2008): $25M supported by Foundation Capital and Gabriel Venture Partners
Debt (2009): $55M featuring Pinnacle Ventures and TriplePoint Capital
Other Financing Round (2010): $75M backed by Ace Limited
Other Financing Round (2011): $6M with participation from GSV Capital, Manatt Venture Fund, and Lucas Venture Group
Private Equity (2012): $25M led by Manatt Venture Fund, Foundation Capital, Lucas Venture Group, and Insight Venture Partners
Other Financing Round (2012): $2.4M supported by Insight Venture Partners
Stock Issuance/Offering (2013): $187.5M, investors not publicly disclosed
Share Placement (2016): $37.3M backed by PAR Capital Management
Key Investors in Chegg
PAR Capital Management
PAR Capital Management is a private investment fund founded in 1990 and based in Boston, Massachusetts, focusing on long-term investment success through rigorous fundamental research and disciplined portfolio management.
Insight Venture Partners
Insight Venture Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. Their platform supports portfolio company leaders in scaling their businesses.
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
What's next for Chegg?
The recent major strategic investment in Chegg signals a pivotal phase for the company, likely aimed at accelerating innovation in its digital learning solutions and expanding its user base. Given the enterprise-level context of its total funding, Chegg is positioned for further scaling of its platform, potentially through enhanced AI-driven tutoring, personalized learning pathways, and broader integration of its services. This capital infusion is expected to fortify its competitive edge in the edtech market and support its mission to help students succeed.
See full Chegg company page
