Top Hat Raises $22.5 Million to Go After Pearson, McGraw-Hill - Bloomberg (2017)

Top Hat is one of a handful of startups trying to find ways to disrupt the traditional textbook publishing industry, dominated by companies like Pearson, Cengage Learning Inc. and McGraw-Hill Education Inc., which is owned by Apollo Global Management LLC.

"The idea is to cut out the publisher and let professors sell directly to students and each other, Silagadze said...

Top Hat is one of a handful of startups trying to find ways to disrupt the traditional textbook publishing industry, dominated by companies like Pearson, Cengage Learning Inc. and McGraw-Hill Education Inc., which is owned by Apollo Global Management LLC.

"The idea is to cut out the publisher and let professors sell directly to students and each other, Silagadze said...