# Tophatmonocle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tophatmonocle

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.tophat.com
- Total disclosed funding: $201M
- Latest round: Series E (Feb 4, 2021)
- Investors on record: 10

## About

Based in Toronto, Canada, and founded in 2009, Tophatmonocle Corp., also known as Top Hat, provides an online teaching platform for college professors and tutors. In 2010, the company secured a USD 200,000 funding from two Toronto-based angel investors as their first funding to contribute to its growth. In 2012, it was followed by a USD 6 million Series A funding and in 2014, a USD 17 million financing. The firm currently offers its product to colleges and universities in North America.

The company works with software engineers to provide products such as Top Hat Textbook, Top Hat Classroom, Top Hat Assignment, and Top Hat Test. It offers functions such as virtual classroom streaming, lecture recordings, polls & quizzes, live chat & discussions, attendances, digital textbooks, online tests & exams, and other accessibility features.

The company's revenue is generated by the subscriptions availed by users to its product such as Top Hat Textbook, Top Hat Classroom, Top Hat Assignment, and Top Hat Test.

The company plans to expand across the North American higher ed courseware industry and fast track partnership and acquisition activities with traditional publishers.

## Funding rounds

- Series E, Feb 4, 2021, $130M — Georgian
- Series D, Feb 4, 2020, $20M — Inovia Capital, Emergence Capital, Union Square Ventures, Georgian, Leaders Fund
- Series C, Jun 14, 2017, $7.5M — Leaders Fund
- Series C, Feb 15, 2017, $23M — Inovia Capital, Emergence Capital, Union Square Ventures, Georgian, Uncork Capital, Golden Ventures, Version One Ventures
- Series B, May 6, 2014, $10M — Inovia Capital, Emergence Capital, Georgian, Uncork Capital, Golden Ventures, Version One Ventures, MaRS Investment Accelerator Fund
- Series A, Jan 18, 2013, $1.1M — Felicis Ventures
- Series A, May 1, 2012, $8M — Inovia Capital, Emergence Capital, Uncork Capital, Golden Ventures, Version One Ventures
- Seed, Nov 1, 2011, $1.5M — MaRS Investment Accelerator Fund

## Investors

- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed, Series B
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A, Series B, Series C, Series D
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A, Series B, Series C, Series D
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Series A, Series B, Series C
- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Series A, Series B, Series C
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Series A, Series B, Series C
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A
- Georgian — Series B, Series C, Series D, Series E
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series C, Series D
- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Series C, Series D