Top Hat Monocle secures $1.1 million Series A add-on from Felicis Ventures

TopHatMonocle Corp., dba Top Hat Monocle, a developer of an interactive education software tool, has raised $1.1 million in add-on financing from Felicis Ventures to its recently closed Series A round of financing, bringing the total Series A fund raised to $9.1 million.

Top Hat Monocle has to date raised over $10 million from investors including Emergence Capital Partners, iNovia Capital, SoftTech VC, Boris Wertz’ Version One Ventures, Golden Venture Partners, and York Angel Investors.

Felicis has invested education startups like Inkling, Piazza, Matchbox, and Mind Snacks.

“They know the space really well and mobile is a big focus for them as well,” according to Andrew D’Souza, COO of Top Hat COO. “We heard their vision for what higher education will look and we share a similar vision.”

Top Hat Monocle provides a web-based clicker and online homework tool. Students can use any device to participate in class or for homeworks.

Top Hat Monocle charges students $20 per one semester or $38 for five years’ access. All of the student accounts can be used across multiple courses. Access is free for teachers.

Top Hat Monocle has increased its staff counts from 20 to 70 following the closing of its Series A in June 2012. The company has also doubled the number of participating colleges to 285.

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