Toronto Top Hat, educational platform company, raises $29m Canadian

Top Hat, educational software firm that makes teaching fun and effective in higher education by creating a one to one interactive experience between professors and students using laptops, smartphones, and tablets, has announced that they have raised $22.5m USD. This will help the company to transform how universities engage and educate students inside and outside the classroom.

Money have been raised by Union Square Ventures, Emergence Capital, Georgian Partners, iNovia Capital, Golden Venture Partners, Version One Ventures and SoftTech VC.

Top Hat has over 200 employees in Toronto and Denver offices. Millions of students at more than 700 leading colleges and universities use Top Hat’s teaching platform to engage their students with interactive content, tools and activities

Mike Solagadze, Founder, CEO, Top Hat, said:

This $22.5 million Series-C funding will allow us to continue aggressively building out our vision for a new, 21st-century approach to academic content. We’ll become an accessible, indispensable resource for students and professors, and get even closer to our goal of bringing the full benefits of digital teaching and materials to the classroom.