Deal Announcements

Chegg Clears $112 Million Venture Capital Round

Monday, November 23, 2009 5:32:00 AM PDT | VentureDeal Staff

Santa Clara, California  --  Internet company Chegg announced that it has closed its fourth round of institutional venture capital financing at $112 million.

Chegg initially started out by helping college students find cheap textbooks, tickets and roommates.

Insight Venture Partners led the round, which also included Pinnacle Ventures and Triple Point Capital.  The company did not disclose how the funding proceeds would be used.

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