Top Hat raises $55M Series D for its higher ed learning platform

Toronto-based Top Hat, a company that makes a number of software tools for teachers in higher education, today announced that it has raised a $55 million Series D funding round co-ed by Georgian Partners and Inovia Capital. All of the company’s previous investors, including Union Square Ventures, Emergence Capital and Leaders Fund, also participated in this round, which also includes debt financing from BMO Technology and Innovation Banking Group. According to Top Hat,  about 2.7 million students are currently enrolled in courses that use its tools and schools that use its services include 750 out of the top 1,000 colleges and universities in North America.