Chegg Receives Investment from GSV Capital

Published On July 17, 2011 |

Chegg, a Santa Clara, CA-based online textbook rental company, has received an investment from the publicly traded investment fund GSV Capital Corp. (Nasdaq:GSVC).

Investors in the company already included Insight Venture Partners (read here), Foundation Capital, Gabriel Venture Partners and Kleiner Perkins Caufield & Byers.

Through a social education learning platform Ghegg.com provides course planning and selection (CourseRank), textbooks, study materials, homework help (Cramster) and notes. Students from more than 6,400 campuses nationwide can rent books online at Chegg.com and Borders.com, and from an iPhone app.

The company is led by President and CEO Dan Rosensweig, and Senior Vice President and Co-Founder Aayush Phumbhra.

FinSMEs

17/07/2011

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