Top Hat
PrivateLast Round
Series E
Feb 4, 2021
Est. Valuation
$500M
Total Funding Raised
$236.1M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Top Hat operates in Enterprise Software and is based in Toronto. Its latest recorded funding round was a Series E round in February 2021.
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, NLP & Conversational AI
Business Model
B2B2C
Customer Profile
Subscription SaaS, Freemium, Services & Consulting
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Top Hat Comparables
Compare Top Hat with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Holtzbrinck Publishing Group | 79% | |
| Classavo | 79% | |
| FlatWorld | 77% |
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Top Hat Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series E | Feb 4, 2021 | ||||
| Series D | Feb 4, 2020 | ||||
| Series C Extension | Jun 14, 2017 | ||||
| Series C | Feb 15, 2017 | ||||
| Series B | May 6, 2014 | ||||
Series A Extension | Jan 18, 2013 |
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Key People
Founding team and executive leadership
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Top Hat Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Uncork Capital | Series A, Series C, Series B |
| Maple Leaf Angels | Seed |
| Georgian | Series E, Series C, Series D, Series B |
| Union Square Ventures | Series E, Series D, Series C |
| North 50 Venture Capital | Series D |
| Inovia Capital | Series A, Series C, Series B, Series D |
| BMO Technology and Innovation Banking Group | Series D |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 1, 2026
Platform used by over 750 universities and 3 million students.
- Jan 1, 2026
Over 3 million students use the platform across 750 institutions.
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Recent news
Latest coverage and updates
- attends_eventOct 31, 2026
Tophat sponsors the 2027 TAA Conference on Textbook & Academic Authoring at the Platinum level.
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Top Hat Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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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, so its shares have no public market price. Caplight tracks Top Hat's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
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.
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, 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 in Top Hat's shares on secondary markets.