Top Hat secures US $7.5M Series C add-on by Leaders Fund

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By Ted Liu

Top Hat, a provider of the leading in-class student engagement app for higher education, has raised US $7.5 million in Series C add-on funding led by Leaders Fund and joined by several private investors.

[mepr-active rule=”374″ ifallowed=”hide”]Subscribers only content: Read our research and get insight on this and other news. We offer monthly/yearly recurring or one-time subscriptions. [/mepr-active][mepr-active rule=”374″]In its filing, TopHatMonocle Corp., dba Top Hat, raised US $6.34 million from 3 Ontario investors and 4 Quebec investors in April 2017. Not clear if the shortfall was made up by Leader Fund or Leader Fund is included in the 3 Ontario investors. [/mepr-active]

Labarge Weinstein LLP is the legal counsel for Top Hat.

The add-on brings total Series C funding to US $30 million. In January 2017, Top Hat raised US $22.5 million led by Union Square Ventures with participation of existing investors Emergence Capital, Georgian Partners, iNovia Capital, Golden Venture Partners, Version One Ventures, SoftTech VC, and private investors.

“Investing in Top Hat was an easy decision,” said David Stein, Managing Partner at Leaders Fund. “The education technology market is notoriously difficult, but Top Hat’s educator-first approach and mission to improve classroom engagement by putting the teacher at the center really stood out to our team. We’re particularly excited about the potential for the Top Hat Marketplace — a unique approach to making higher education more economical, engaging and effective. The company has experienced impressive growth and we’re excited by what the future holds.”