Covid: a nightmare for students and a blessing in disguise for EdTech companies. Online learning platform Chegg (CHGG) posted an impressive 51% rise in sales for the first three months of the year, which was better than previously expected. The company’s Chegg Services division, which includes products like Chegg Study, Chegg Writing, Chegg Math Solver (you get the gist), also registered a record 4.8 million subscribers in that period – up 64% from the year before.

Chegg is one of those direct-to-consumer platforms that benefited from the pandemic as many students who've been taking classes at home for over a year need online learning tools. All that cash will allow Chegg to invest in existing services and add new ones, which will hopefully allow it to better withstand the return to physical classrooms en masse… whenever that is.