article thumbnail

Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

Edsurge

Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A Chegg spokesman declined to comment or share additional details. million in cash. million in equity ).

Chegg 87
article thumbnail

Chegg Ditches Ingram for FedEx and Eyes International Growth

Edsurge

A switch in distributors for Chegg’s legacy textbook sales and rentals business reflects, in a way, how the more things change, the more they stay the same. Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. We believed we weren't.

Chegg 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

2U 2008 2014 $665M (IPO) Archipelago Learning 2000 2012 $302M (acquired by PLATO Learning) Chegg 2005 2013 $830M (IPO) Connections Education 2001 2011 $400M (acquired by Pearson) HigherOne 2000 2012 $260M (acquired by Blackboard) Instructure 2008 2014 $487M (IPO) K12.com

EdTech 82
article thumbnail

Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

From 2011 to 2014, U.S. Goldman, vice president of textbooks and e-books at Chegg, a student services provider that notably sold its print textbook inventory to Ingram in 2015, adoption of digital materials among students has been slower than he predicted. “But now I can report that these tools have been adopted in thousands of U.S.

Chegg 145
article thumbnail

Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

Edsurge

It eyed the edtech industry as early as 2014, says Elizabeth Fisher Marshall, a managing director at Hall Capital, but “our concern at the time was the depth of the opportunity set and the unproven exit market.” WriteLab (Chegg). New investors include the Los Angeles Police and Fire Pensions fund. Yet not all investments pan out.

article thumbnail

Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

The modest performance of my basket overall hides wide variation in performance between individual companies: Out of the 11 edtech stocks, 2U ( TWOU ) is the biggest winner, worth 151 percent more than when it began trading in March 2014. Bloomberg , in 2014 only 20 percent of mutual funds were able to outperform their benchmarks.

EdTech 60
article thumbnail

Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

Edsurge

Among those who tried include Osman Rashid, the co-founder of Chegg and Kno, who launched Galxyz in 2014 to build a science video games for grades three to 12. million by February 2014 for a game to teach kids social-emotional learning. Magnates from the gaming industry have attempted as well.

Company 73