Top Hat raises $30 mln Series C round to disrupt textbook industry
Toronto education technology company Top Hat has secured about $30 million (US$22.5 million) in a Series C financing. The round was backed by Union Square Ventures, a new investor, which joined Georgian Partners, Emergence Capital, iNovia Capital, Golden Venture Partners, Version One Ventures and SoftTech VC, all of them investors in Top Hat's $10 million Series B in 2014. Founded in 2009, Top Hat is the developer of a cloud-based student engagement and interactive teaching platform. CEO Mike Silagadze said the funds raised will help expand its solutions, currently used at 750 post-secondary institutions, to transform the US$10-billion U.S. textbook industry.
15 February 2017•5 mins read
