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August 2, 2011 05:46 pm GMT

Chegg Rival CampusBookRentals.com Closes $20 Million Financing Round

CampusBookRentals.com, a company that lets customers from nearly 5,600 college campuses rent textbooks online, this morning announced a round of growth financing with total equity and credit facilities raised of over $20 million. The company, which competes with venture-backed Chegg and BookRenter.com, among others, says it is growing like gangbusters, having recently moved into a new 57,000 square foot facility to support its growth to over 100 current employees (up from 30 a year ago).

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