TopHat.Io Funding, Investors & Competitors

TopHat.Io has raised $123M across 2 funding rounds, most recently a $25M undisclosed-stage round in April 2023.

Last TopHat.Io funding round

$25M

Undisclosed stage · Apr 2023

Cumulative funding TopHat.Io raised

$123M

across 2 funding rounds

Key investors in TopHat.Io

TopHat.Io Overview

About TopHat.Io

TopHat.Io is a UK-based modular construction technology company delivering end-to-end services for residential developments. The Oxford-headquartered firm designs, manufactures, and assembles factory-built homes compliant with UK building regulations. TopHat supplies offsite solutions to housing developers and local authorities, focusing on high-volume production of energy-efficient two- and three-bedroom units.


Founded

2016

HQ

United KingdomLondon

Website

tophat.io

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

TopHat.Io Funding History

TopHat.Io has raised a total of $123M across 2 funding rounds.

TopHat.Io's first fundraising round was a $98M undisclosed-stage round in April 2019. The most recent completed round was a $25M undisclosed-stage round in April 2023.

TopHat.Io funding rounds

TopHat.Io funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2023Undisclosed stageAviva Ventures (lead)$25MTopHat is a UK-based modular housebuilder founded in 2016 by CEO Jordan Rosenhaus and Chief Design Officer Krishan Pattni, specializing in low-carbon homes using Modern Methods of Construction (MMC). The company operates a facility in Foston, Derby, producing over two homes per day, and was preparing a new factory in Corby, Northamptonshire, set to be Europe's largest modular housing factory capable of manufacturing up to 4,000 ultra-low carbon homes annually from summer 2024, creating 1,000 jobs. TopHat also develops brick façade technology for its homes. In April 2023, Aviva Capital Partners invested £20m in equity into TopHat Enterprises Limited to support the Corby factory expansion. This formed part of a larger £70m funding round that included £25m from housebuilder Persimmon and contributions from new and existing shareholders. Aviva's investment comprised ordinary shares and loan notes, as detailed in their financial reports from March 2023. Persimmon's participation aimed to secure access to TopHat's energy-efficient modular homes and brick façade system for integration into their operations. The funding underscores investor confidence in TopHat's role in addressing the UK housing crisis through factory-built, sustainable homes. Leaders from both Persimmon and Aviva highlighted the partnership's potential for scalable, low-carbon housing solutions aligned with net zero goals. TopHat has previously collaborated with investors like Man Group, BoKlok, and Urban & Civic.
Apr 2019Undisclosed stageGoldman Sachs (lead)$98M-

Who has invested in TopHat.Io?

2 investors have backed TopHat.Io across its funding rounds, including Goldman Sachs and Aviva Ventures.

Lead investors include Aviva Ventures and Goldman Sachs.


TopHat.Io Investors

Investors in TopHat.Io by funding rounds participated
InvestorHQRoundsRoleFirst check

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TopHat.Io Competitors

TopHat.Io competitors include listed companies like Accenture, Vingroup, Samsung C&T and Sun Hung Kai Properties, and private ones like Maple Leaf Sports & Entertainment and CREED.

Public and private companies comparable to TopHat.Io
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AccentureUnited StatesUnited StatesPublicly listed$70B$12B$116B1.6x
VingroupVietnamVietnamPublicly listed$13B$3.1B$70B5.0x
Samsung C&TSouth KoreaSouth KoreaPublicly listed$30B$3.8B$42B1.4x
Sun Hung Kai PropertiesHong KongHong KongPublicly listed$10B$4B$40B4.2x
Maple Leaf Sports & EntertainmentCanadaTorontoPrivate--$15B-
CREEDUnited StatesNew York City, NYPrivate--$6.4B-

TopHat.Io Public Comps

TopHat.Io is still privately-owned, but its public comps include Accenture, Vingroup, Samsung C&T, Sun Hung Kai Properties, D.R. Horton, Goodman Group, HCLTech, Experian, Emaar Properties and Mitsubishi Estate.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Accenture$70B$12B1.7x1.6x10.1x8.4x
Vingroup$13B$3.1B6.2x5.0x25.8x37.1x
Samsung C&T$30B$3.8B1.5x1.4x11.9x13.2x
Sun Hung Kai Properties$10B$4B4.8x4.2x12.4x12.4x
D.R. Horton$34B$4.7B1.3x1.4x9.5x10.4x
Goodman Group$1.8B-21.7x16.9x-20.0x
HCLTech$14B$2.7B2.4x2.3x12.2x11.1x
Experian$8.4B$3B4.5x4.4x12.7x12.1x

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Common questions about TopHat.Io

When was TopHat.Io founded?TopHat.Io was founded in 2016.
Where is TopHat.Io headquartered?TopHat.Io is headquartered in London, United Kingdom.
Is TopHat.Io publicly listed?No, TopHat.Io is a private, VC-backed company.
How much funding has TopHat.Io raised?TopHat.Io has raised $123M across 2 funding rounds.
What was TopHat.Io's last funding round?TopHat.Io's last funding round was a $25M undisclosed-stage round in April 2023, led by Aviva Ventures.
Who are TopHat.Io's investors?TopHat.Io's investors include Goldman Sachs and Aviva Ventures.
Which companies are comparable to TopHat.Io?Companies comparable to TopHat.Io include Accenture, Vingroup, Samsung C&T, Sun Hung Kai Properties, Maple Leaf Sports & Entertainment and CREED.

See companies similar to TopHat.Io

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