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Top Hat Raises $55 Million Series D

Top Hat, a leading Higher Education course platform, announced a major fundraising with a $55 million Series D. Top Hat is planning to use their new funding to further accelerate the digitization of the university textbook industry. More than 2.7 million students in Higher Education are currently enrolled in courses using Top Hat’s platform and 750 of the top 1,000 universities in North America are using Top Hat.

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Higher Education has been dominated by traditional textbook providers who have strongly influenced the pricing and bundling of digital and print content.  Over the past several years, the traditional curriculum market has seen significant disruption from companies like Top Hat, Chegg, and 2U.