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Chegg Chugs Ahead With $25 Million Funding

Thursday, December 18, 2008 5:39:00 AM PDT | VentureDeal Staff

Santa Clara, California  --  Internet company Chegg announced that it has garnered $25 million in its series C round of venture capital financing.

Chegg has created a website aimed at college students that allows them to "rent" their textbooks at a significantly lower cost than the usual buy and return process.

Investors in the round included Gabriel Venture Partners, Kleiner Perkins Caufield & Byers, Foundation Capital and others. The company said it would use their funds to grow their website service.

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