Top Hat, a Toronto, Canada-based active learning courseware platform for higher education, raised $130M USD in Series E funding.
Existing investor Georgian is providing the new round of funding.
The company intends to use the funds to continue tom expand across the $10B North American higher ed courseware industry and to fast track partnership and acquisition activities with traditional publishers to create engaging and effective course experiences.
Top Hat CEO Mike Silagadze, who co-founded the company in his dorm room at the University of Waterloo and grew to 400+ employees, will hand over day-to-day leadership to incoming CEO Joe Rohrlich.
The company is a tech-first higher education teaching platform combining interactive textbooks, lecture slides, quizzes, and assignments, supporting student learning before, during, and after class.
Millions of students at 750 leading North American colleges and universities use Top Hat to teach and engage with students before, during, and after class, in both in-person and online education.