Valuation · 2021
$500M
2024 Revenue
$68M(Est.)
Customers
750
Funding
$179.4M
Avg ACV
$90.7K
Team
456
Founded
2009
Top Hat Revenue, Valuation & Funding (2024)
Top Hat generated an estimated $68M in annual revenue in 2024. Source: GetLatka estimate
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.
Last updated
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.
| 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 | Not recorded |
| 2014 | Top Hat Hit $4.8m revenue in May 2014 | Not recorded |
| 2009 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series E | $130M | $500M | 26% | Not recorded |
| 2017 | Funding round | $7.5M | - | - | Not recorded |
| 2017 | Funding round | $22.5M | - | - | Not recorded |
| 2014 | Funding round | $10M | - | - | Not recorded |
| 2013 | Funding round | $1.1M | - | - | Not recorded |
| 2012 | Funding round | $8M | - | - | Not recorded |
| 2010 | Funding round | $300K | - | - | Not recorded |
Founder / CEO
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 456 employees (December 2024) | Not recorded |
| 2024 | Reached 456 employees (October 2024) | Not recorded |
| 2023 | Reached 548 employees (December 2023) | Not recorded |
| 2023 | Reached 537 employees (September 2023) | Not recorded |
| 2023 | Reached 400 employees (July 2023) | Not recorded |
| 2023 | Reached 548 employees (January 2023) | Not recorded |
| 2022 | Reached 544 employees (December 2022) | Not recorded |
| 2022 | Reached 497 employees (January 2022) | Not recorded |
| 2021 | Reached 538 employees (December 2021) | Not recorded |
| 2021 | Reached 502 employees (August 2021) | Not recorded |
| 2021 | Reached 475 employees (February 2021) | Not recorded |
Frequently Asked Questions about Top Hat
What is Top Hat's revenue?
As of 2024, Top Hat generated an estimated $68M in annual revenue.
What is Top Hat's valuation?
As of 2021, Top Hat was valued at $500M.
When was Top Hat founded?
Top Hat was founded in 2009.
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?
As of 2024, Top Hat had 456 employees.
Where is Top Hat headquartered?
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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