About Chegg
Chegg is a company based in Santa Clara (United States) founded in 2005.. Chegg has raised $205.99 million across 16 funding rounds from investors including Bank of America, Morgan Stanley and Kleiner Perkins. The company has 1,270 employees as of December 31, 2024. Chegg has completed 16 acquisitions, including 3D3R Software Studio, Busuu and Cite This For Me. Chegg operates in a competitive market with competitors including VitalSource, Packback, BookRenter, Campus Book Rentals and Fastudent, among others.
- Headquarter Santa Clara, United States
- Employees 1270 as on 31 Dec, 2024
- Stage Public
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Sectors
EducationMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Chegg, Inc.
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Annual Revenue
$617.57 M-13.78as on Dec 31, 2024
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Net Profit
$-837.07 M-4704.33as on Dec 31, 2024
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EBITDA
$43.08 M-63.03as on Dec 31, 2024
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Total Equity Funding
$205.99 M (USD)
in 16 rounds
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Latest Funding Round
$900 M (USD), Post-IPO
Aug 18, 2020
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Investors
Bank of America
& 12 more
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Employee Count
1270
as on Dec 31, 2024
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Investments & Acquisitions
3D3R Software Studio
& 15 more
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IPO & Listings of Chegg
Chegg is a publicly listed company on the NYSE with ticker symbol CHGG in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
64 people
Leadership Team
14 people
Managed Team
13 people
Senior Team
12 people
Human Resources and Administration
11 people
Subject Team
11 people
Finance and Accounting
10 people
Sales and Marketing
3 people
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Funding Insights of Chegg
Chegg has successfully raised a total of $205.99M across 16 strategic funding rounds. The most recent funding activity was a Post-IPO round of $900 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Post-IPO — $900.0M
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First Round
First Round
(18 Jan 2007)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - Chegg | Valuation |
investors |
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| Mar, 2019 | Amount | Post-IPO - Chegg | Valuation |
investors |
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| Oct, 2014 | Amount | Post-IPO - Chegg | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chegg
Chegg has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bank of America, Morgan Stanley and Kleiner Perkins. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt and equity financing are provided across US sectors.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chegg
Chegg has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include 3D3R Software Studio, Busuu and Cite This For Me. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile platform providing mathematical homework help
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2013 | ||||
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Writing feedback is provided by a browser-based analysis tool.
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2013 | ||||
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Online programming bootcamp and mentoring sessions are offered to students.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Chegg
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chegg Comparisons
Competitors of Chegg
Chegg operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VitalSource, Packback, BookRenter, Campus Book Rentals and Fastudent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering ebooks and digital learning tools
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| domain | founded_year | HQ Location |
Text book rental platform
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| domain | founded_year | HQ Location |
Operates an online service for renting textbooks.
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| domain | founded_year | HQ Location |
Offers college textbook rental services to students for affordable access.
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| domain | founded_year | HQ Location |
Operates an online store specializing in academic books and stationery.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chegg
Frequently Asked Questions about Chegg
When was Chegg founded?
Chegg was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Chegg located?
Chegg is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is Chegg a funded company?
Chegg is a funded company, having raised a total of $205.99M across 16 funding rounds to date. The company's 1st funding round was a Post-IPO of $974.72K, raised on Jan 18, 2007.
How many employees does Chegg have?
As of Dec 31, 2024, the latest employee count at Chegg is 1,270.
What is the annual revenue of Chegg?
Annual revenue of Chegg is $617.57M as on Dec 31, 2024.
What does Chegg do?
Chegg was founded in 2005 in Santa Clara, United States, as an online platform in the education sector. Textbooks are rented, bought, and sold through the service, with searches enabled by authors, prices, and subject categories. Students are assisted in locating colleges, internships, and scholarships. Coverage includes subjects such as Math, English, Engineering, and others, targeting university-level needs.
Who are the top competitors of Chegg?
Chegg's top competitors include VitalSource, Packback and Iloveread.
Is Chegg publicly traded?
Yes, Chegg is publicly traded on NYSE under the ticker symbol CHGG.
How many acquisitions has Chegg made?
Chegg has made 16 acquisitions, including 3D3R Software Studio, Busuu, and Cite This For Me.
Who are Chegg's investors?
Chegg has 13 investors. Key investors include Bank of America, Morgan Stanley, Kleiner Perkins, Chubb, and Allen & Company.
What is Chegg's ticker symbol?
The ticker symbol of Chegg is CHGG on NYSE.
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