Top Hat secures Series C financing

Top Hat, a provider of full teaching platform for universities that “transforms students into experts and profs into heroes”, has closed a Series C round financing, raising US $22.5 million led by Square Ventures (US $7.5 million) and existing investors.

Top Hat backers include Georgian Partners, Emergence Capital Partners, iNovia Capital, SoftTech VC, Felicis Ventures, Version One Ventures, Golden Venture Partners and private investors.

Series C is priced substantially higher, ##subscriber ONLY content##% over Series B.

Funded by angel investors, Top Hat has previously raised $8 million in Series A in 2012 and $10 million in Series B in 2014.

Baim Hanif via unsplash
note: updated on February 15, 2107

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal,,, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's, Canada's most sophisticated and advanced all private capital and public market financing database.