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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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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 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series E | $130M | $500M | 26% | |
| 2017 | Funding round | $7.5M | - | - | |
| 2017 |
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Top Hat serves 750 customers.
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 generates an estimated $68M in annual revenue.
The CEO of Top Hat is Joe Rohrlich.
Top Hat raised $179.4M across 7 rounds.
Top Hat has 456 employees.
Top Hat is headquartered in Toronto, Ontario, Canada.
Top Hat operates across multiple industries. Browse revenue, funding, and growth data for Top Hat in each sector below.
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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Valuation
$500M
2024 Revenue
$68M(Est.)
Customers
750
Funding
$179.4M
Avg ACV
$90.7K
Team
456
Founded
2009
| Year | Milestone | Source |
|---|---|---|
| 2024 | Top Hat Hit $68m revenue in October 2024 | Estimated |
| 2023 | Top Hat Hit $52.3m revenue in December 2023 | Estimated |
| 2021 | Top Hat Hit $42.8m revenue in February 2021 | |
| 2014 | Top Hat Hit $4.8m revenue in May 2014 | |
| 2009 | Launched with $0 revenue |
| Funding round |
| $22.5M |
| - |
| - |
| 2014 | Funding round | $10M | - | - |
| 2013 | Funding round | $1.1M | - | - |
| 2012 | Funding round | $8M | - | - |
| 2010 | Funding round | $300K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 456 employees (December 2024) | |
| 2024 | Reached 456 employees (October 2024) | |
| 2023 | Reached 548 employees (December 2023) | |
| 2023 | Reached 537 employees (September 2023) | |
| 2023 | Reached 400 employees (July 2023) | |
| 2023 | Reached 548 employees (January 2023) | |
| 2022 | Reached 544 employees (December 2022) | |
| 2022 | Reached 497 employees (January 2022) | |
| 2021 | Reached 538 employees (December 2021) | |
| 2021 | Reached 502 employees (August 2021) | |
| 2021 | Reached 475 employees (February 2021) |
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