Top Hat

Top Hat

Provides educational tools and resources

About Top Hat

Simplify's Rating
Why Top Hat is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Education

Company Size

201-500

Company Stage

Series E

Total Funding

$228.5M

Headquarters

Toronto, Canada

Founded

2009

Overview

Top Hat provides educational tools and resources aimed at enhancing the learning experience for both educators and students. Its main products include Top Hat Pages, which allows educators to personalize content easily, and interactive response tools that engage students during lessons. The platform also offers hundreds of editable textbooks, giving teachers the flexibility to tailor their teaching materials to meet the diverse needs of their students. Unlike many competitors, Top Hat focuses on creating a user-friendly experience, as evidenced by high satisfaction ratings from students. The goal of Top Hat is to make education more accessible and engaging, ensuring that learning experiences are relevant and equitable for all students.

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Simplify's Take

What believers are saying

  • AI adoption in education enhances Top Hat's personalized learning capabilities.
  • Hybrid learning models expand Top Hat's market reach in higher education.
  • Data-driven decision-making trends increase demand for Top Hat's analytics tools.

What critics are saying

  • Increased competition may erode Top Hat's market share in EdTech.
  • Recent layoffs could affect employee morale and service quality.
  • CEO transition might lead to strategic shifts misaligned with market trends.

What makes Top Hat unique

  • Top Hat transforms passive lectures into active learning with interactive tools.
  • The platform offers customizable, editable textbooks for personalized learning experiences.
  • Top Hat supports hybrid learning models, catering to both in-person and online environments.

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Funding

Total Funding

$228.5M

Below

Industry Average

Funded Over

6 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

0%
Top Hat
Oct 22nd, 2024
Indiana University Faculty Who Focus on Student Engagement Using Top Hat See 11.5% Decrease in Student Withdrawal Rate

TORONTO - October 22, 2024 - Top Hat, a leading provider of student engagement solutions for higher education, has released the first significant finding in an ongoing research initiative with Indiana University exploring the impact of student engagement leveraging Top Hat on retention and academic outcomes.

Top Hat
May 1st, 2024
Time Magazine Names Top Hat One of the World's Top EdTech Companies

TORONTO - May 1, 2024 - Top Hat, the leader in student engagement solutions for higher education, has been recognized as one of the World's Top EdTech Companies by Time Magazine.

Top Hat
Mar 21st, 2024
Top Hat Unveils Latest Ace Innovation With AI-Powered Lecture Enhancer

TORONTO - March 21, 2024 - Top Hat, the leader in student engagement solutions for higher education, has announced new enhancements to Ace, a groundbreaking AI-powered assistant designed to create better teaching and learning experiences for educators and students.

BetaKit
Mar 19th, 2024
Top Hat's Maggie Leen appointed CEO two months after Joe Rohrlich's quiet departure

Toronto-based online education firm Top Hat has tapped its former CMO, Maggie Leen, to lead the company as CEO.

BetaKit
Feb 2nd, 2024
Toronto software companies Top Hat, Loopio, Wattpad make layoffs

This week, Toronto-based online education firm Top Hat laid off 35 employees in a push to become a "self-sustaining business" this year, BetaKit has learned.

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