Chegg

Summary active Updated Mar 19, 2026

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Location Santa Clara, CA
Founded 2005
Latest Stage IPO
Total Raised $206M
Website https://www.chegg.com
Sector
edtech marketplace

Investors

Mike Maples Jr. Series A (2007)
Bill Trenchard Series A (2010)
Deven Parekh ~2010 (2010)
Oren Zeev Early Stage (2008)
gabriel-venture-partners Series A (2007)
gabriel-venture-partners Series B (2008)
primera-capital Series B (2008)
Kleiner Perkins Series C (2008)
foundation-capital Series C (2008)
gabriel-venture-partners Series C (2008)
primera-capital Series C (2008)
Insight Partners Series D (2009)
Kleiner Perkins Series D (2009)
foundation-capital Series D (2009)
gabriel-venture-partners Series D (2009)
primera-capital Series D (2009)
ace-limited Series E (2010)
Floodgate Seed (2007)
First Round Capital Series A (2010)
zeev-ventures Early Stage (2008)

Founders

Osman Rashid Co-Founder & CEO
Aayush Phumbhra Co-Founder
Josh Carlson Co-Founder

About

Chegg is an education technology company that started as a textbook rental service for college students and evolved into a digital learning platform 1. The company was incorporated in 2005 by Osman Rashid, Aayush Phumbhra, and Josh Carlson, growing out of “Cheggpost,” a Craigslist-style message board for Iowa State University students 2. Chegg went public on the NYSE on November 13, 2013, raising $187.5 million at a $1.1 billion valuation 3.

Funding History

Round Date Amount Lead Investor(s) Key Co-Investors
Series A Jan 2007 $2.2M Gabriel Venture Partners Mike Maples
Series B Jun 2008 $4.7M Gabriel Venture Partners Primera Capital
Series C Dec 2008 $25M Kleiner Perkins Foundation Capital, Gabriel Venture Partners, Primera Capital
Series D Nov 2009 $57M Insight Partners Kleiner Perkins, Foundation Capital, Gabriel Venture Partners, Primera Capital
Series E Sep 2010 $75M Ace Limited —
IPO Nov 2013 $187.5M — —

Sources: 134567

What Investors Say

No independently sourced investor testimonials found.

What Founders Say

No independently sourced founder testimonials found.

Sources

  1. Chegg website, “Our History,” accessed March 2026. https://www.chegg.com/about/our-history/↩↩

  2. DCF Modeling, “Chegg, Inc. (CHGG): history, ownership, mission, how it works & makes money,” accessed March 2026. https://www.dcfmodeling.com/blogs/history/chgg-history-mission-ownership↩

  3. TechCrunch, “In $187.5M IPO, Chegg Debuts On NYSE In Twitter’s Shadow, As Shares Slump 15 Percent,” November 2013. https://techcrunch.com/2013/11/13/in-187-5m-ipo-chegg-debuts-on-nyse-in-twitters-shadow-as-shares-slump-15-percent/↩↩

  4. TechCrunch, “Confirmed: Kleiner Perkins Gets Into Textbook Rentals As Chegg Raises $25 Million,” December 2008. https://techcrunch.com/2008/12/17/confirmed-kleiner-perkins-gets-into-textbook-rentals-as-chegg-raises-25-million/↩

  5. Fenwick & West, “Fenwick & West Represents Chegg in $57 Million Series D Financing,” accessed March 2026. https://www.fenwick.com/insights/experience/fenwick-west-represents-chegg-in-57-million-series-d-financing-and-25-million-credit-facility↩

  6. Crunchbase, “Series B - Chegg,” accessed March 2026. https://www.crunchbase.com/funding_round/chegg-series-b–372cfb↩

  7. AllThingsD, “Exclusive: Chegg Raises $75 Million in Additional Funding from Asian Firm,” September 2010. https://allthingsd.com/20100926/exclusive-chegg-raises-75-million-in-additional-funding-from-asias-ace/↩