Top Hat Raises $22.5M Series C in a Tough Vertical: What Can We Learn from their Success
Version One Ventures
FEBRUARY 15, 2017
And selling to institutions requires a long sales cycle. Top Hat had an early and continuous focus on revenue; they have been operating profitably since their launch in 2009. Generally speaking, Ed Tech has proven to be a tough vertical, primarily due to the fact that it’s hard to charge consumers (students) directly.
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