Top Hat Monocle Raises $8 Million in Series A Funding

Posted by Rob Lewis

Toronto's Top Hat Monocle announced this morning that it has closed an $8 million Series A financing round led by Emergence Capital Partners and iNovia Capital, along with SoftTech VC, Version One Ventures and Golden Venture Partners.

Top Hat Monocle is a mobile-based education platform that enables student engagement. The Series A investment will allow Top Hat Monocle to further develop their product offering to improve student engagement both in and outside of class, as well as expand their sales and marketing efforts.

“We’re going to see more changes in the way students learn over next few years than we saw 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.”

“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."

Emergence Capital Partners is an early investor in leading enterprise companies that include Salesforce.com, Yammer, Box, and SuccessFactors. Emergence partner Gordon Ritter, who has been named twice to Forbes’ Midas List of the top tech investors, and Shawn Abbott, partner at iNovia Capital and the co-inventor of the USB Key, will join the board as part of the financing round.

Top Hat Monocle previously raised a $1.5 million seed round in November 2011. Since launching their initial offering in 2010, Top Hat Monocle has been used by students at nearly 200 universities worldwide.

Company:
iNovia Capital
Website:
http://www.inovia.vc
Location:
Montréal, Québec, Canada

iNovia partners with exceptional entrepreneurs to build successful companies in high-growth sectors. The team is comprised of entrepreneurs and sector experts focused on Mobile, Internet and Digital Media. iNovia has offices in Montreal, New York City and Calgary and invests across North America. iNovia has $275M under management across three seed and early-­stage funds. For more information, visit www.inovia.vc... more

Company:
Emergence Capital Partners
Website:
http://www.emcap.com
Location:
San Mateo, California, United States

Emergence Capital Partners invests exclusively in early and growth stage technology-enabled services. The declining cost of IT infrastructure combined with pervasive connectivity has created opportunities for new companies with innovative business models to penetrate large markets and reorder the competitive landscape. Emergence has been at the forefront of this trend with early investments in SaaS, digital media... more

Company:
Version One Ventures
Website:
http://www.versiononeventures.com
Location:
Vancouver, British Columbia, Canada

Above everything else we invest in entrepreneurs, not businesses. We love passionate entrepreneurs with deep domain knowledge. Entrepreneurs with great product and design instincts. Entrepreneurs who want to change the world but know that in order to do so, they need help. And yes, we love to help, when and where ever we can. Besides the founder team we look for a few more things when evaluating an investment... more

Company:
Golden Venture Partners
Website:
http://www.goldenvp.com
Location:
Toronto, Ontario, Canada

Golden Venture Partners is a mobile focused seed and early stage venture capital fund based in Toronto. We provide early stage funding and mentorship to young companies that leverage the massive potential of mobile products and services. Golden Venture Partners was created as a response to the unparalleled growth in the mobile marketplace and the dramatic changes in how companies are created, financed and... more

Company:
Top Hat
Website:
http://www.tophat.com
Location:
Toronto, Ontario, Canada

Top Hat helps make every lecture count by transforming students' mobile devices into powerful tools for active learning. Using Top Hat, professors can ask questions, moderate discussions, host tournaments and more to help professors teach and students learn more effectively. Top Hat is used in over 400 universities around the world, including Harvard, Stanford & the University of Waterloo. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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