Developer of an online collaborative learning platform designed to empower people to master any subject. The company's online collaborative learning platform connects students with others who are on a similar learning journey through a shared library and offers intelligent learning tools including flashcards, notes, study guides and more, enabling students to create, share and compare study notes and study anytime, anywhere across all web and mobile platforms.
Generating Revenue
Acquired/Merged (Operating Subsidiary)
Formerly VC-backed
The company completed a $5 million debt refinancing round on March 2018. Western Alliance Bank provided $2 million of senior debt and $3 million of term loan to the company. Previously, the company was acquired by Chegg (NYS: CHGG) for approximately $20.8 million on July 2, 2018. With this acquisition, Chegg expands its content offering, to provide greater value to students, and can utilize StudyBlue's insights from 10 years of data on student learning.
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