Top Hat Stock
| Valuation | $500M1 |
| Valuation Date | Feb 4, 2021 |
| Implied Valuation | n/a |
| Last Price | $3.00 |
| 52-Week High | $3.00 |
| 52-Week Low | $3.00 |
| YTD Return | +0.00% |
| 1-Year Return | +0.00% |
| 3-Year Return | n/a |
| Total Funding | $234.5M |
| Latest Round Amount | $130M2 |
| Latest Round | Series E |
| Funding Rounds | 7 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Top Hat
Top Hat is a Canadian education technology company whose software turns college lectures into interactive classes. Professors use it to run polls, quizzes, discussions and attendance checks on students' own phones and laptops, and to assign interactive textbooks drawn from Top Hat's own catalog, OpenStax open educational resources and publisher titles such as Wiley's psychology and anatomy lists. Its AI assistant, Ace, converts static course files into interactive and accessibility-compliant material for instructors and gives students a chat-based study tutor tied to their assigned readings. Top Hat makes money mainly by charging students for platform access, priced at $35 for a four-month term up to $96 for four years, and by selling institution-wide licenses to colleges that pick up that cost on their students' behalf.
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News
Top Hat Earns Spot on TIME's World's Top EdTech Companies 2026 List
Top Hat was named to TIME and Statista's 2026 ranking of the world's top education technology companies, which assessed about 6,500 firms and recognized 500. It is the second time the company has made...
Active Learning Meets AI: What Student Success Looks Like in 2026
Top Hat published survey results from more than 9,000 students across 550 institutions on engagement, affordability and the use of AI in their courses. The report is the company's annual read on what ...
Top Hat and Wiley Partner to Enhance Student Engagement in Psychology and Anatomy & Physiology
Top Hat announced a partnership with publisher Wiley to bring select psychology and anatomy and physiology titles into its platform. Instructors can personalize the content and pair it with Top Hat's ...
UW-Madison Saves Students $1M Annually While Scaling Active Learning with Top Hat
The University of Wisconsin-Madison's enterprise licence with Top Hat removed student costs for the platform and saved students more than $1 million over the past year. The university reported broader...
Top Hat Graded 2025: Empowering Teaching, Inspiring Learning
Top Hat's annual usage report said more than 107,000 students used its Ace AI assistant in 2025, a 114 percent increase year over year, and that instructors created 14.3 million questions on the platf...
Top Hat Unveils AI-Powered Content Enhancer to Accelerate Title II Accessibility Compliance in Higher Ed
Top Hat launched Ace Content Enhancer, which scans uploaded course materials and gives instructors guidance to meet WCAG 2.1 AA accessibility standards. The tool targets US colleges facing Title II co...
Top Hat and the First Nations Caring Society Award 2025 Shannen's Dream Scholarships
Top Hat funded two $10,000 and two $5,500 scholarships for First Nations students in post-secondary education, awarded with the First Nations Child & Family Caring Society.
Top Hat Acquires OpenClass IP and Welcomes Founder to Team
Top Hat acquired the intellectual property of OpenClass, an AI tool for building mastery-based assignments, and hired its founder Alec Kretch onto the engineering team. Terms were not disclosed.
Top Hat 'Ace' joins Aktiv Chemistry, Introducing AI-Powered Problem Solving and Feedback for Student Success
Top Hat extended its Ace AI assistant to Aktiv Chemistry, the STEM platform it acquired in 2022, adding step-by-step tutoring to Aktiv's Readiness module. The company said the aim is to reduce failure...
University of Georgia (UGA) & Top Hat Partner to Drive Student Success
The University of Georgia signed an enterprise agreement giving all faculty and students campus-wide access to Top Hat at no cost to them. The deal covers the platform's courseware, OER content and AI...
Top Hat Named Courseware Solution Provider of the Year
Top Hat was named Courseware Solution Provider of the Year in the 2025 EdTech Breakthrough Awards, which recognize education technology products and companies.
Top Hat Expands AI Capabilities To Further Reinforce Evidence-Based Learning
Top Hat broadened its Ace assistant with features that generate assessments and study support grounded in an instructor's own course materials.
Only 12% of Faculty Use AI Regularly Despite Seeing Value for Course Design & Delivery
Top Hat published survey findings showing that only 12 percent of faculty used AI regularly even though most saw value in it for course design and delivery. The company used the data to frame demand f...
Top Hat Leadership Appointments Fuel Mission of Improving Teaching and Learning
Top Hat named former chief marketing officer Maggie Leen as chief executive, promoted Larry Indovina to chief operating officer and added Bill Okun to its board as executive chairman.
Toronto software companies Top Hat, Loopio, Wattpad make layoffs
Top Hat laid off 35 employees on January 30, 2024, its second round of cuts in a year after 42 roles went in August 2023. A spokesperson said the reduction was meant to make Top Hat a self-sustaining ...