chegg

Perlego raises $50M to build out its vision of being the ‘Spotify for textbooks’

Spotify helped pave the way for a new model for consumers to listen to music: pay a monthly fee to stream whatever you want, with no need to own any physical or digital versions of it. Now, a startup

OpsLevel raises $15M to help developers manage their microservices

OpsLevel, a startup that helps development teams organize and track their microservices in a centralized developer portal, today announced that it has raised a $15 million Series A funding round. The

Student media giant Chegg acquires language learning startup Busuu for $436M

Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all

Austin-based iFly.vc closes $46M second fund from legendary tech founders

To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the f

Edtech stocks are getting hammered but VCs keep writing checks

Similar to how telehealth faced declines as patients returned to in-person care, edtech will face similar drops as schools become a safer option for students and teachers.

Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, more

Thanks very much for reading Extra Crunch this week. I hope we can all look forward to a nice, boring weekend with no breaking news alerts.

The tech-powered wave of smart, not slow, tutoring sessions

Some of the biggest decision-makers in edtech are taking a scalpel to the way tutoring used to work.

Course Hero, a profitable edtech unicorn, raises rare cash

Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask qu

Quizlet valued at $1 billion as it raises millions during a global pandemic

As millions of students and teachers shift to learn from home in response to the novel coronavirus disease, modern-day flashcard business Quizlet has raised $30 million in a Series C round led by Gene

Decrypted: Chegg’s third time unlucky, Okta’s new CSO, Rapid7 beefs up cloud security

Ransomware is getting sneakier and smarter. The latest example comes from ExecuPharm, a little-known but major outsourced pharmaceutical company that confirmed it was hit by a new type of ransomware l

Hackers hit Chegg for the third time since 2018

Chegg has confirmed its third data breach in the past three years. The education tech giant, which last year acquired Thinkful for $80 million, said hackers stole 700 current and former employee recor

Frank raises $5M more in its quest to get students max financial aid

Frank, a New York-based student-facing startup, has raised $5 million in what the company described as an “interim strategic round” that Chegg, a public edtech company, took part in. Accor

Thinkful confirms data breach days after Chegg’s $80M acquisition

Thinkful, an online education site for developers, has confirmed a data breach, just days after it confirmed it would be acquired. “We recently discovered that an unauthorized party may have gai

TechCrunch Conversations: Direct listings

Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply so

Chegg resets 40 million user passwords after data breach

Chegg, a technology giant specializing in textbook rental, has confirmed a data breach affecting some 40 million customers. In a filing with the Securities and Exchange Commission, the company said it

Joe Lonsdale pours $4.55M for alcohol IoT startup Nectar

Nationally, bars today lose billions of dollars from improperly managed alcohol inventory. These losses add up quickly as a result of oversized pours, spills and even theft. Nectar, a stealth connect

Chegg acquires Imagine Easy Solutions, the company behind EasyBib, BibMe and Citation Machine

The online textbook service Chegg today announced that it has acquired Imagine Easy Solutions for $42 million. Imagine Easy is the company behind online bibliography and research tools like EasyBib (

Chegg Beats Analysts’ Q3 Estimates With $81.3M In Sales

Online textbook and tutoring company Chegg beat Wall Street's expectations when it reported its third quarter sales of $81.3 million. Its revenue was expected to total $78.28 million. The company p

Chegg Strikes Distribution Partnership With Ingram Books, Announces 15% Boost In Earnings From Digital Services

Student textbook resale site Chegg has struck a strategic partnership with Ingram Content Group today. Said to be the world’s largest distributor of books, Ingram will acquire a significant share of

Online Tutoring Center InstaEDU Acquired By Chegg For $30 Million

Chegg, the textbook resale site turned all things student hub, today announced a $30 million cash acquisition of student tutoring marketplace InstaEDU. An acquisition like this makes sense for Cheg
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