Fundraising Fox
Chegg Inc.
NYSE: CHGGSanta Clara, US · Incorporated in Delaware · 16 known investors
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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
Board
Investors · 16
How we know: Dag Ventures's portfolio page · Not right? Tell us
How we know: Floodgate's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: funding news · foundationcapital.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Gabriel Venture Partners's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Insight Partners's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Kapital Partners's portfolio page · Not right? Tell us
How we know: Kleiner Perkins's portfolio page · company funding news (hacker news) · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Owl Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$27.6M disclosed across 3 of 4 rounds · 2009–2014
▶$974.7KraisedOct 2014 · 1 investors · OtherRule 506(b)
- 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
▶$1.6MraisedMay 2014 · 1 investors · Other TechnologyRule 506(b)
- 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
▶$25MraisedMar 2012 · 17 investors · OtherRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Chegg 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 5
Companies working in the same space as Chegg Inc..
Acquisitions · 4
Early investors' stakes continue via these dealsBusuu 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.
Online homework help for college and high school students; acquired by Chegg.
Online tutoring (acquired by Chegg)
Zinch provides direct lending and financing solutions for small businesses, including merchant cash advances and business loans. The company serves merchants and small business owners across diverse industries.
In the news
▸Research sources · 1
primary sources listed
- Cheggchegg.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Chegg Inc. do?
- Chegg offers students 24/7 homework help, step-by-step study solutions and textbook rentals via subscription.
- Who founded Chegg Inc.?
- Chegg Inc. was founded by Aayush Phumbhra.
- Who are Chegg Inc.'s investors?
- Chegg Inc.'s investors include Dag Ventures, Delta-v Capital, Dreamit Ventures, Floodgate, Foundation Capital, Gabriel Venture Partners, Insight Partners, Kapital Partners and 8 more.
- How much funding has Chegg Inc. raised?
- Chegg Inc. has disclosed $27.6M raised across 3 of its 4 known rounds.
- Where is Chegg Inc. headquartered?
- Chegg Inc. is headquartered in Santa Clara, US.