Chegg seeking $200M IPO with valuation of $1B

Chegg has raised about $200 million in venture funds since it was founded in 2005 at Iowa State University. It started out as a classifieds directory, became a textbook rental service and most recently morphed into an all-purpose hub for high school and college student needs.

— Silicon Valley Business Journal

Chegg, founded in Ames by Iowa Expat Aayush Phumbrha, originally planned to raise $150M in its IPO but upped that today to almost $200M according to the Silicon Valley Business Journal.

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Hat tip to Iowa Expat Austin Lyons