# StudyBlue

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

- Industry: Internet
- Headquarters: Middleton, US
- Website: www.studyblue.com
- Total disclosed funding: $9M
- Latest round: Series A (Jan 4, 2013)
- Investors on record: 2

## About

Founded in 2006, StudyBlue Inc. is an educational technology company providing a platform for students to create and share study materials, enhancing learning through interactive tools and collaborative resources.StudyBlue Inc. is an educational technology firm that supports student learning through a platform that allows the creation and sharing of study materials. Founded in 2006 in Middleton, US, it has undergone significant changes, including its acquisition by Chegg, Inc. in July 2018 for USD 20.8 million. This acquisition enabled Chegg to expand its content offerings and client base. The company was founded by Virendra Tiwari, and the current CEO is Becky Splitt. StudyBlue has secured a total of 4 funding deals throughout its history, raising a total of USD 9.00 mn.StudyBlue, now rebranded as Chegg Service, offers a wide array of educational products and services to assist students. Key offerings include a free flashcard maker, access to over 84 million step-by-step academic explanations, expert Q&As, and specialized math support. The platform is designed to facilitate interactive learning and enhance study efficiency. Chegg also provides writing assistance tools, addressing a range of academic needs for students in higher education across the United States, Canada, and Europe.Chegg generates revenue through subscription models that allow students access to its educational resources and tools. Services such as Chegg Study and Chegg Writing cater to academic needs through direct-to-consumer sales, where students purchase individual or bundled subscriptions. Chegg further collaborates with educational institutions to enhance its service offerings, providing budget-friendly options for clients without disclosing specific pricing details.Following its acquisition by Chegg in July 2018, StudyBlue aims to utilize its expanded capabilities to introduce new products and enhance its offerings. The integration into Chegg's platform is expected to facilitate the development of innovative educational tools. The company will also focus on expanding its services into new geographical markets, including targeted outreach to students in additional regions by 2025. The recent acquisition funding will support these initiatives, ensuring that Chegg, Inc. can broaden its educational content and client base effectively.

## Funding rounds

- Series A, Jan 4, 2013, $9M — Great Oaks Venture Capital, WARF Ventures

## Investors

- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Series A
- WARF Ventures (https://capitalatlas.ai/funds/warf-ventures) — Series A