Chegg Raises $25M

Dec 30, 2008 has raised $25M in Series C funding led by Kleiner Perkins and Foundation Capital with return backers Gabriel Venture Partners and Primera Capital. The company launched its textbook rental service in July 2007. Chegg says it has saved students from more than 4,000 universities about $16 million this year. The company also says it pays to plant one tree for every book that is rented.