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Top Hat

Top Hat

Private
TorontoEnterprise Softwarehttps://tophat.com/

Last Round

Series E

Feb 4, 2021

Est. Valuation

$500M

Total Funding Raised

$236.1M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Top Hat is an educational software company that provides an all-in-one courseware platform designed to help educators create interactive, personalized, and evidence-based learning experiences.

Sector

Enterprise Software

Verticals

Vertical SaaS, Digital Publishing, User-Generated Content, NLP & Conversational AI, Business Intelligence

Business Model

B2B2C

Customer Profile

Subscription SaaS, Freemium, Services & Consulting

AI Layer

Application

Keywords

student engagement platformEdTechdigital coursewareinteractive textbookshigher education softwarestudent response systemclassroom clicker appin-class pollingtextbook replacementLMS integrationaffordable course materialssecure online testinglearning analyticsAI teaching assistantattendance trackingSTEM EdTech

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Top Hat Comparables

Compare Top Hat with similar companies based on industry and business-model similarity.

Top Hat comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Holtzbrinck Publishing Group
79%
Classavo
79%
FlatWorld
77%

Top Hat Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series EFeb 4, 2021
Series DFeb 4, 2020
Series C ExtensionJun 14, 2017
Series CFeb 15, 2017
Series BMay 6, 2014
Series A Extension
Jan 18, 2013

Key People

Founding team and executive leadership

Maggie Leen

Chief Executive Officer

Executive Team

Larry Indovina

Chief Operating Officer

Executive Team

Top Hat Investors

Notable investors and investment history

Top Hat investors
InvestorRounds
Uncork CapitalSeries A, Series C, Series B
Maple Leaf AngelsSeed
GeorgianSeries E, Series C, Series D, Series B
Union Square VenturesSeries E, Series D, Series C
North 50 Venture CapitalSeries D
Inovia CapitalSeries A, Series C, Series B, Series D
BMO Technology and Innovation Banking GroupSeries D

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 1, 2026

    Over 3 million students use the platform across 750 institutions.

  • Oct 28, 2025

    Launched a new accessibility tool within its AI-powered assistant, Ace.

Recent news

Latest coverage and updates

  • recognized_asJul 22, 2026

    Tophatmonocle Corp. recognized as World's Top EdTech Companies 2026 on Jul 22nd '26.

Top Hat Filings

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Top Hat filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Top Hat's valuation, stock price, and market status.

Is Top Hat a public or private company?

Top Hat is a private company.

What is the current stock price of Top Hat?

Top Hat is a private company with no public stock price. No recent secondary market data is available.

How much is Top Hat worth (valuation)?

Top Hat's valuation is estimated at $500.0M based on funding round data.

Can I buy Top Hat stock?

Top Hat shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Top Hat's last funding round?

Top Hat's most recent funding round was Series E on February 4, 2021.

Who are the main investors in Top Hat?

Key investors in Top Hat include Georgian, Union Square Ventures, Inovia Capital, Leaders Fund.

Will Top Hat IPO soon?

No public IPO plans have been announced for Top Hat.

How can I track Top Hat secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Top Hat's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersToronto
Employee Range245
Year Founded2009
Last FundingFeb 4, 2021

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