Wednesday, December 17, 2008

Chegg.com Raises $25M

Santa Clara-based Chegg.com, an online provider of textbook rentals, announced today that it has raised $25M in a Series C funding round. The round came from Kleiner Perkins Caufield & Byers, Foundation Capital, along with existing investors Gabriel Venture Partners and Primera Capital. The firm said it will use the funding to grow its site. Chegg.com allows college students to rent textbooks via the Internet. The firm was founded in 2005. More information »