The third round of 25 million dollar venture capital

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December 18 News According to foreign media reports, textbook rental website mesh (chegg.com) yesterday announced in Kleiner (Kleiner Perkins Caufield & Byers) and FC (Foundation capital) With the help of the successful completion of the third round of financing, involving an amount of USD 25 million.

Osman Rashid, founder and CEO of the grid, said that in July 2007, Santa Clara began its book rental service in California, where it had been validated by 53 questionnaires over the past 1.5 years, including whether students wanted to rent textbooks, Whether a possible fraud poses a threat to the company's operations. But the grid did not mention too many details of success, but said it had saved about 16 million dollars for students in more than 4,000 universities this year. The success of the grid is not surprising, because it can save 65% to 80% of the book fees for students, and in today's economic downturn, the net textbook discount price is more attractive. It is reported that the net said that each rented a book to plant a tree, so far, the site has funded more than 150 blocks of tree planting.

The success of the grid textbook leasing model is obvious, but Rashid wants the industry to compete earlier. At the same time he said not to worry about competition, because the company has a good team, but also will further improve the service system, but he did not disclose the perfect details of the problem.

It has been said that Kleiner will not invest in the current economic crisis, not to mention the magnitude. In fact, the original investors Gabriel Venture and Primera Capital also participated in the net's current round of investment. Previously, net received 2.2 million dollars of investment.

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