FUND RAISING
Business: Chegg.com
Web: http://www.chegg.com
Location: USA, Santa Clara, CA
Region: North America
Description: Student textbook rental service
Contacts:
- Osman Rashid, Chief Executive Officer and Co-Founder
- Aayush Phumbhra, Senior Vice President of Operations and Co-Founder
Amount raised: $57,000,000 (in funding)
Link: Press Release
Details: Chegg.com has closed a $57 million Series D equity funding, led by Insight Venture Partners. In addition, Insight Venture Partners also led a syndicate that has provided a $25 million credit facility, adding to the $30 million in debt facility recently secured from Pinnacle Ventures and TriplePoint Capital. As part of the funding event, Deven Parekh from Insight Venture Partners joins Chegg.com’s Board of Directors. Previos investors are Kleiner Perkins Caufield & Byers, Gabriel Venture Partners, Primera Capital and Foundation Capital.
Database Fund Raising – November 2009
Fusion Corporate Partners 
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