Top Hat, a Toronto, Canada-based interactive teaching platform provider, raised $22.5M in Series C financing.
Union Square Ventures joined existing investors Emergence Capital, Georgian Partners, iNovia Capital, Golden Venture Partners, Version One Ventures and SoftTech VC. In conjunction with the funding, Albert Wenger, partner at Union Square Ventures, joined Top Hat’s Board of Directors.
The company, which currently has more than 200 employees across offices in Toronto and Denver, intends to use the funds to accelerate the development of new solutions for creating and distributing academic content.
Led by Mike Silagadze, co-founder and CEO, Top Hat provides a cloud-based teaching platform that enables professors to engage students inside and outside the classroom with content, tools and activities.
Used by students at 750 North American colleges and universities, the Top Hat teaching platform connects professors with students via their devices to take attendance, deliver course content, and administer engagement activities like polls inside the classroom.
On top of the platform for classroom engagement, the company is expanding to provide a wide variety of academic content, icluding interactive textbooks, test questions, homework, authored by academics and instructors and available via Top Hat’s marketplace.
Content is available across disciplines including chemistry, biology, history and statistics with more coming online every month.