Top Hat Monocle recently closed $8 million in a Series A round of funding led by Emergence Capital Partners and iNovia Capital, along with SoftTech VC, Version One Ventures (Boris Wertz) and Golden Venture Partners. Top Hat has created a mobile-based education platform that enables student engagement.
“We’re going to see more changes in the way students learn over next few years than we’ve seen in the entire last century,” said Mike Silagadze, CEO of Top Hat Monocle. “By giving students and instructors the chance to interact and innovate in their day-to-day classroom environment, Top Hat Monocle is helping turn education into a more fulfilling learning experience for all involved.”
The startup has said they will use the investment to help further develop their product offering, as well as expand their sales and marketing efforts. Top Hat Monocle is also working with professors, textbook publishers and other content providers to build interactive content, which will be delivered through its platform.
“We are actively looking at the leading industry platforms,” said Gordon Ritter, Founder and General Partner at Emergence Capital Partners. “Top Hat Monocle has created a highly-disruptive platform that is transforming teaching in the classroom. This is our first investment in education technology and we are excited to help the team scale their unique distribution model into every classroom across the globe.”
Back in November 2011, Top Hat raised a $1.5 million seed round, looks like this Canadian startup has a steady road of growth as they continue to raise funding.