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Valuation

$500M

2024 Revenue

$68M

Customers

750

Funding

$179.4M

YOY

30.2%

Avg ACV

$90.7K

Team

456

Founded

2009

How Top Hat CEO Joe Rohrlich grew to $68M revenue and 750 customers in 2024.

Top Hat is an educational technology company that provides a cloud-based teaching platform for higher education institutions. Top Hat's platform allows professors to engage students with interactive content, including quizzes, discussions, and polls, and provides analytics and insights into student performance. The platform is used by over 750 universities and colleges worldwide to improve student engagement, attendance, and academic outcomes.

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Top Hat Revenue

In 2024, Top Hat's revenue reached $68M. The company previously reported $52.3M in 2023. Since its launch in 2009, Top Hat has shown consistent revenue growth.

Top Hat Revenue GrowthReported revenue / ARR over time$0$15M$30M$45M$60M$75M200920112013201520172019202120232024$0$4.8M$42.8M$68MSource: GetLatka.com
YearMilestoneQuote
2024Top Hat Hit $68m revenue in October 2024
2023Top Hat Hit $52.3m revenue in December 2023
2021Top Hat Hit $42.8m revenue in February 2021
2014Top Hat Hit $4.8m revenue in May 2014
2009Launched with $0 revenue

Top Hat Valuation, Funding Rounds

Top Hat reached a $500M valuation in 2021, set during its Series E round.

Top Hat has raised $179.4M in total funding across 7 rounds, most recently a $130M Series E round in 2021.

Top Hat Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$125M$40M$250M$80M$375M$120M$500M$160M$625M$200M2009201120132015201720192021$500MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Series E$130M$500M26%
2017Funding round$7.5M--
2017Funding round$22.5M--
2014Funding round$10M--
2013Funding round$1.1M--
2012Funding round$8M--
2010Funding round$300K--

Founder / CEO

Joe Rohrlich

CEO

Joe Rohrlich is listed as CEO at Top Hat.

Q&A

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Customers

Top Hat serves 750 customers.

Top Hat Employees & Team Size

Top Hat employs approximately 456 people as of 2026, down from 548 in 2023, including 71 sales reps that carry a quota. It serves 750 customers that rely on its solutions.

Top Hat Team GrowthReported headcount over time012525037550062520092011201320152017201920212023202400456456Source: GetLatka.com
YearMilestone
2024Reached 456 employees (December 2024)
2024Reached 456 employees (October 2024)
2023Reached 548 employees (December 2023)
2023Reached 537 employees (September 2023)
2023Reached 400 employees (July 2023)
2023Reached 548 employees (January 2023)
2022Reached 544 employees (December 2022)
2022Reached 497 employees (January 2022)
2021Reached 538 employees (December 2021)
2021Reached 502 employees (August 2021)
2021Reached 475 employees (February 2021)

Frequently Asked Questions about Top Hat

What is Top Hat's revenue?

Top Hat generates an estimated $68M in annual revenue.

Who is the CEO of Top Hat?

The CEO of Top Hat is Joe Rohrlich.

How much funding does Top Hat have?

Top Hat raised $179.4M across 7 rounds.

How many employees does Top Hat have?

Top Hat has 456 employees.

Where is Top Hat headquarters?

Top Hat is headquartered in Toronto, Ontario, Canada.

Compare Top Hat to the industry

Top Hat operates across multiple industries. Browse revenue, funding, and growth data for Top Hat in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Top Hat Revenue 2024: $68M ARR, $500M Valuation