# Chegg

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chegg

- Industry: Retail
- Headquarters: Santa Clara, US
- Website: www.chegg.com
- Total disclosed funding: $115M
- Latest round: Series F (Mar 7, 2012)
- Investors on record: 8

## About

Chegg, Inc. is a US-based educational technology company providing round-the-clock study assistance and resources for students across various subjects, aiming to enhance academic success and learning outcomes.Founded in 2003 by Frank Balcavage in Santa Clara, US, Chegg, Inc. specializes in educational support services. The company has undergone significant growth and transformation since its inception, primarily focusing on enhancing its online offerings. Notable funding includes a PIPE round in November 2013, where it raised USD 37.3 mn from PAR Capital Management. Overall, Chegg has completed 21 deals, with a total amount raised of USD 37.3 mn.Chegg's primary services revolve around educational support, offering students a rich library of over 100 million curated solutions across 50 subjects, including statistics and calculus. The company also provides tools like flashcards, expert proofreading, and citation generation in numerous formats, tailored for student needs.For the year 2024, Chegg reported a revenue of USD 617.57 mn and an EBITDA of USD -658.76 mn, emphasizing its reliance on subscription-based models to generate steady income through services like Chegg Study and Chegg Study Pack.Chegg plans to leverage its recent funding from the PIPE round to expand its product offerings and enhance its technological capabilities. The company aims to explore new markets, especially in regions with growing educational needs, to broaden its user base and improve accessibility to its services. Continued innovation in its educational tools and resources is expected to drive growth initiatives in the coming years.

## Funding rounds

- Series F, Mar 7, 2012, $25M — Kleiner Perkins, Foundation Capital, Insight Partners, Gabriel Venture Partners, Primera Capital, Lucas Venture Group, Manatt Digital Media Ventures
- Series D, Nov 19, 2009, $57M — Kleiner Perkins, Foundation Capital, Insight Partners, Gabriel Venture Partners, Primera Capital
- Series C, Dec 9, 2008, $25M — Kleiner Perkins, Foundation Capital, Gabriel Venture Partners, Primera Capital
- Series B, Jun 10, 2008, $4.7M — Gabriel Venture Partners, Floodgate, Primera Capital
- Series A, Feb 12, 2008, $1.4M — Gabriel Venture Partners, Floodgate
- Series A, Jan 17, 2007, $2.2M — Gabriel Venture Partners, Floodgate

## Investors

- Gabriel Venture Partners (https://capitalatlas.ai/funds/gabriel-venture-partners) — Series A, Series B, Series C, Series D, Series F
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Series A, Series B
- Primera Capital (https://capitalatlas.ai/funds/primera-capital) — Series B, Series C, Series D, Series F
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C, Series D, Series F
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series C, Series D, Series F
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D, Series F
- Lucas Venture Group (https://capitalatlas.ai/funds/lucas-venture-group) — Series F
- Manatt Digital Media Ventures (https://capitalatlas.ai/funds/manatt-digital-media-ventures) — Series F