Chegg Raises $25M

[Techtaffy Newsdesk]

Santa Clara, California-based textbook trading company Chegg has raised $25 million in an inside equity round, according to a SEC filing. Total number of investors in the offering are 17. The company did not share any further details.

Investors in the company include Ace limited, Foundation Capital, Gabriel Venture Partners, Insight Venture Partners, Kleiner Perkins Caufield & Byers, Pinnacle Ventures, Primera Capital, and TriplePoint Capital.

Chegg’s previous funding rounds include:

  • January 2007, $2.2 million from Gabriel Venture Partners and angel investor Mike Maples.
  • August 2008, $7 million from Gabriel Venture Partners, Mike Maples and Primera Capital.
  • December 2008, $25 million from Kleiner Perkins Caufield & Byers and Foundation Capital, with participation from return backers Gabriel Venture Partners and Primera Capital.
  • November 2009, $57 million in equity funding and a $25 million credit facility led by Insight Venture Partners and $30 million in debt facility from Pinnacle Ventures and TriplePoint Capital.
  • September 2010, $75 million from Ace Limited

[Image Courtesy: Chegg]

Just in

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.