Snapshot of a VC Deal: Top Hat Monocle

Who: Toronto-based Top Hat Monocle, which offers a mobile-based education platform that engages students and provides professors with the real-time feedback on student understanding.

How much: $8-million in a deal led by Emergence Capital Partners and iNovia Capital, along with SoftTech VC, Version One Ventures (Boris Wertz), and Golden Venture Partners. Top Hat raised $1.5 million in seed funding in late-2011 from Maple Leaf Angels and York Angel Investors.

The Quote: “We’re going to see more changes in the way students learn over next few years than we saw in the entire last century. 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.”
- Top Hat CEO Mike Silagadze

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