About Toucan
Toucan is a company based in Santa Monica (United States) founded in 2019 by Taylor Nieman and Shaun Merritt was acquired by Babbel in September 2023. It operates as a Freemium, and EduTech. Toucan has raised $8.25 million across 3 funding rounds from investors including Babbel, Next Play Ventures and Westbound. Toucan offers products and services including Toucan Browser Extension. Toucan operates in a competitive market with competitors including Fluent, Hero, Sinovum, Sederet and Sinonim, among others.
- Headquarter Santa Monica, United States
- Founders Taylor Nieman, Shaun Merritt
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Sectors
Education
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Phone
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Website
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Social
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- Legal Name Babbel Gmbh
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Products & Services of Toucan
Toucan offers a comprehensive portfolio of products and services, including Toucan Browser Extension. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A tool for learning languages while browsing online.
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Funding Insights of Toucan
Toucan has successfully raised a total of $8.25M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4.5 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $4.5M
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First Round
First Round
(25 Oct 2019)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Toucan | Valuation | LightShed Ventures | |
| Sep, 2020 | Amount | Seed - Toucan | Valuation | GSV Ventures | |
| Oct, 2019 | Amount | Seed - Toucan | Valuation | GSV Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Toucan
Toucan has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Babbel, Next Play Ventures and Westbound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are invested in by Next Play Ventures.
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Founded Year | Domain | Location | |
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Financial and social capital is invested in visionary ventures.
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Founded Year | Domain | Location | |
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Venture capital fund investing in seed-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Toucan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Toucan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Toucan Comparisons
Competitors of Toucan
Toucan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fluent, Hero, Sinovum, Sederet and Sinonim, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered commerce media solutions are provided by Fluent for growth.
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| domain | founded_year | HQ Location |
AI-enabled reading assistance platform is provided for users.
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| domain | founded_year | HQ Location |
Operates a digital platform for learning the Swedish language.
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| domain | founded_year | HQ Location |
Provides free Indonesian-English dictionary services and language learning tools online.
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| domain | founded_year | HQ Location |
Online platform offering synonyms, antonyms, and meanings for Indonesian words.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Toucan
Frequently Asked Questions about Toucan
When was Toucan founded?
Toucan was founded in 2019.
Where is Toucan located?
Toucan is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Who is the current CEO of Toucan?
Taylor Nieman is the current CEO of Toucan. They have also founded this company.
Is Toucan a funded company?
Toucan is a funded company, having raised a total of $8.25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Oct 25, 2019.
What does Toucan do?
A browser extension for language learning is offered by Toucan. Users are immersed in new languages while browsing the internet. Vocabulary and phrases are displayed in the chosen language seamlessly. Quizzes, games, and progress tracking are included to enhance learning. The tool is designed for professionals, travelers, and casual learners. Multiple languages such as Spanish, French, and German are supported. The solution aims to make language acquisition effortless and integrated into daily online activities.
What products or services does Toucan offer?
Toucan offers Toucan Browser Extension.
Who are Toucan's investors?
Toucan has 18 investors. Key investors include Babbel, Next Play Ventures, Westbound, Form Capital, and GingerBread Capital.