Fundraising Fox

Chegg

NYSE: CHGG

Santa Clara, US · Incorporated in Delaware · 12 known investors

Chegg is an education technology company that helps students learn more efficiently and affordably, supporting them from learning through career development. The company focuses on improving the return on investment in education for students worldwide.

Also known as Chegg, Inc.

Founders & leadership

DRDan Rosensweig
Dan RosensweigCEO
BM
Barry McCarthyNamed on SEC filing
SS
Sam SpadaforaNamed on SEC filing
RC
Rob ChesnutNamed on SEC filing
AP
Aayush PhumbhraNamed on SEC filing
DW
Daniel WongNamed on SEC filing
AB
Andrew BrownNamed on SEC filing
FB
Frederick BolanderNamed on SEC filing

Board

TS
Ted SchleinBoard director
OZ
Oren ZeevBoard director
DP
Deven ParekhBoard director

Investors · 12

Reported raises · per SEC filings

Form D private placements

$27.6M disclosed across 3 rounds · 2012–2014

$974.7KraisedOct 2014 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Ted SchleinDirector
  • Barry McCarthyDirector
  • Richard SarnoffDirector
  • Nathan SchultzExecutive Officer
  • Michael OsierExecutive Officer
  • Daniel RosensweigExecutive Officer, Director
  • Marne LevineDirector
  • Andrew BrownExecutive Officer
  • Jeffrey HousenboldDirector
  • John YorkDirector
Offering amount
$974.7K
Amount sold
$974.7K
First sale
Oct 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.6MraisedMay 2014 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Dan RosensweigExecutive Officer, Director
  • Richard SarnoffDirector
  • Michael OsierExecutive Officer
  • John YorkDirector
  • Nathan SchultzExecutive Officer
  • Ted SchleinDirector
  • Jeffrey HousenboldDirector
  • Barry McCarthyDirector
  • Marne LevineDirector
Offering amount
$3.3M
Amount sold
$1.6M
First sale
Apr 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$25MraisedMar 2012 · 17 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Barry McCarthyDirector
  • Dan RosensweigExecutive Officer, Director
  • Ted SchleinDirector
  • Sam SpadaforaDirector
  • Oren ZeevDirector
  • Rob ChesnutDirector
  • Aayush PhumbhraExecutive Officer, Director
  • Deven ParekhDirector
  • Daniel WongDirector
  • Andrew BrownExecutive Officer
  • Frederick BolanderDirector
Offering amount
$25M
Amount sold
$25M
First sale
Mar 2012
Incorporated
Corporation, Delaware
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Chegg is an education technology company that provides students with online study support, including step-by-step solutions to coursework problems, 24/7 homework help and textbook rentals. Its consumer-facing site lets students create an account, access free study tools, submit questions across subjects such as math, physics and geometry, and choose among paid subscription tiers.

Subscription products referenced on the company's site include Chegg Study and the Chegg Study Pack, the latter bundling additional partner benefits offered at no extra cost to subscribers. The service is positioned around supporting students from their first assignment through final exams.

Business model

Chegg sells access to its study tools through consumer subscriptions (Chegg Study and Chegg Study Pack) and also rents textbooks to students. Some tools are available free upon account creation, functioning as an entry point to paid tiers, and certain partner offers are included with subscriptions at no additional cost.

Recurring subscription fees from students for study products, plus textbook rental revenue.

Traction

The company reports that 91% of surveyed Chegg customers say they get better grades when they use Chegg to understand their coursework, based on a survey of 611 respondents drawn from approximately 837,000 invited U.S. customers who used Chegg Study or Chegg Study Pack in Q2 and Q3 2023.

Full profile — technology, go-to-market

Technology

A web-based study platform with a question-entry interface supporting mathematical notation and image upload, organized by subject areas including math, physics and geometry, and delivering step-by-step solutions.

Go-to-market

Direct-to-student online self-service sign-up, with free tools used to convert users into subscription plans, and partner offers bundled into subscription packages.

Post-secondary and other students seeking help with coursework, homework and exam preparation.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Chegg Study / Study Pack customers invited to surveyOct 2023837,000 customers
Customers surveyed who report better grades using CheggOct 202391%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 5

by search overlap
Brainly356723 shared keywordsBrainly provides 1:1 tutoring combining AI explanations with human expert intervention, targeting K-12 students and their parents seeking affordable academic support across all subjects. The platform emphasizes guaranteed grade improvement within 30 days, safety through human supervision of AI interactions, and compliance with education-focused privacy standards.
BYJU'S162793 shared keywordsBYJU'S offers online learning programs, video lessons, and a personalized learning app for students in India, including tutoring and exam-preparation programs for competitive tests such as JEE and NEET.
Filo150616 shared keywordsFilo offers personalized, goal-based online tutoring through live 1-on-1 sessions with expert tutors, covering K-12 subjects, college courses, and competitive exams such as JEE, NEET, SSC, Banking, and Railways. Its programs include structured private courses with progress tracking, assignments, doubt-clearing, and AI-powered learning tools for students.
Lumen138604 shared keywordsLumen Learning provides courseware and teaching tools built on open educational resources (OER) for higher education, aimed at faculty and students. Its products support course delivery, faculty professional development, and student-centered learning in colleges and universities.
Fiveable128656 shared keywordsFiveable provides AI-powered exam preparation for AP classes, offering practice questions with automated scoring and personalized study tools for high school students.

Companies competing with Chegg for the same Google search keywords, organic and paid, via search-intersection analysis.

Acquisitions · 4

Early investors' stakes continue via these deals
Busuu

Busuu is an online language learning platform that combines self-paced lessons, video content from native speakers, and community practice to help users achieve language fluency. The platform serves individual learners and enterprises, offering CEFR-aligned certificates and AI-powered feedback.

Cramster

Online homework help for college and high school students; acquired by Chegg.

InstaEDU

Online tutoring (acquired by Chegg)

Zinch

Zinch Financial is a direct lender providing revenue-based financing and fixed-term loans to American small businesses, offering funding up to $250,000 for operations, expansion, or cash shortfalls. It serves established small businesses with at least six months of operating history and over $10,000 in monthly sales.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Chegg do?
Chegg offers students 24/7 homework help, step-by-step study solutions and textbook rentals via subscription.
Who are Chegg's investors?
Chegg's investors include Dag Ventures, Delta-v Capital, Floodgate, Gabriel Venture Partners, Insight Partners, Kleiner Perkins, Millennium New Horizons, Millennium Technology Value Partners and 4 more.
How much funding has Chegg raised?
Chegg has disclosed $27.6M raised across 3 rounds.
Where is Chegg headquartered?
Chegg is headquartered in Santa Clara, US.