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
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- Legal Name Chegg, Inc.
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Annual Revenue
$617.57 M (USD)-13.78as on Dec 31, 2024
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Net Profit
-$837.07 M (USD)-4704.33as on Dec 31, 2024
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EBITDA
$43.08 M (USD)-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.
People of Chegg
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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.
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.
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Venture debt and equity financing are provided across US sectors.
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Investment firm scaling software and technology companies from early to late stages.
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Investor details for Chegg
Investor domains, locations, round participation, and complete history require an active premium plan.
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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.
Investment portfolio details for Chegg
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile platform providing mathematical homework help
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Writing feedback is provided by a browser-based analysis tool.
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Locked | Locked | 2013 | Locked | |
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Online programming bootcamp and mentoring sessions are offered to students.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Chegg
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Financial Statements - Chegg
Detailed financials for Chegg
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Chegg Comparisons
Peer comparison for Chegg
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering ebooks and digital learning tools
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Text book rental platform
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Operates an online service for renting textbooks.
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Offers college textbook rental services to students for affordable access.
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Operates an online store specializing in academic books and stationery.
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Detailed competitors of Chegg
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Latest news on Chegg
Complete news archive for Chegg
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Frequently Asked Questions about Chegg
Chegg was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Chegg is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Chegg is a funded company, having raised a total of $205.99M across 16 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Chegg is 1,270.
Annual revenue of Chegg is $617.57M as on Dec 31, 2024.
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.
Chegg's top competitors include VitalSource, Packback and Iloveread.
Yes, Chegg is publicly traded on NYSE under the ticker symbol CHGG.
Chegg has made 16 acquisitions, including 3D3R Software Studio, Busuu, and Cite This For Me.
Chegg has 13 investors. Key investors include Bank of America, Morgan Stanley, Kleiner Perkins, Chubb, and Allen & Company.
The ticker symbol of Chegg is CHGG on NYSE.