Toucan Technologies Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 12

Employees

  • Latest Deal Type
  • M&A

Toucan Technologies General Information

Description

Developer of an online language learning platform intended to help users to learn a language while browsing the web. The company's platform offers a Chrome extension and helps users to develop their new vocabulary for the preferred language and try to learn, enabling users to improve their communication skills and become proficient in foreign languages.

Contact Information

Website
www.jointoucan.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Santa Monica, CA 90401
  • United States
Primary Industry
Educational Software
Parent Company
Babbel
Vertical(s)
SaaS, EdTech
Corporate Office
  • Santa Monica, CA 90401
  • United States

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Toucan Technologies Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 18-Sep-2023 Completed Generating Revenue
4. Early Stage VC (Series A1) 01-Sep-2022 Completed Generating Revenue
3. Secondary Transaction - Private 01-Aug-2021 Completed Generating Revenue
2. Early Stage VC (Series A) 27-Apr-2021 $7.5M $9.1M Completed Generating Revenue
1. Seed Round 20-May-2020 $1.6M $1.6M Completed Startup
To view Toucan Technologies’s complete valuation and funding history, request access »

Toucan Technologies Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-1
Series A-4
Series A-3
Series A-2
Seed 2 821,384 $0.000100 $0.01 $0.18 $0.18 1x $0.18 2.78%
Seed 1 2,847,701 $0.000100 $0.04 $0.53 $0.53 1x $0.53 9.63%
To view Toucan Technologies’s complete cap table history, request access »

Toucan Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an online language learning platform intended to help users to learn a language while browsing the web. The
Educational Software
Santa Monica, CA
12 As of 2023

Pittsburgh, PA
 

Brookline, MA
 
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Toucan Technologies Competitors (3)

One of Toucan Technologies’s 3 competitors is Duolingo, a Formerly VC-backed company based in Pittsburgh, PA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Duolingo Formerly VC-backed Pittsburgh, PA
Preply Venture Capital-Backed Brookline, MA
Memrise Venture Capital-Backed London, United Kingdom
You’re viewing 3 of 3 competitors. Get the full list »

Toucan Technologies Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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Toucan Technologies Former Investors (26)

Investor Name Investor Type Holding Investor Since Participating Rounds
Amplifyher Ventures Venture Capital Minority
Baron Davis Enterprises Venture Capital Minority
Browder Capital Venture Capital Minority
Corner3 Ventures Venture Capital Minority
Dream Maker Ventures Venture Capital Minority
You’re viewing 5 of 26 investors. Get the full list »

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Toucan Technologies FAQs

  • When was Toucan Technologies founded?

    Toucan Technologies was founded in 2019.

  • Where is Toucan Technologies headquartered?

    Toucan Technologies is headquartered in Santa Monica, CA.

  • What is the size of Toucan Technologies?

    Toucan Technologies has 12 total employees.

  • What industry is Toucan Technologies in?

    Toucan Technologies’s primary industry is Educational Software.

  • Is Toucan Technologies a private or public company?

    Toucan Technologies is a Private company.

  • What is Toucan Technologies’s current revenue?

    The current revenue for Toucan Technologies is .

  • How much funding has Toucan Technologies raised over time?

    Toucan Technologies has raised $29.1M.

  • Who are Toucan Technologies’s investors?

    Amplifyher Ventures, Baron Davis Enterprises, Browder Capital, Corner3 Ventures, and Dream Maker Ventures are 5 of 26 investors who have invested in Toucan Technologies.

  • Who are Toucan Technologies’s competitors?

    Duolingo, Preply, and Memrise are competitors of Toucan Technologies.

  • When was Toucan Technologies acquired?

    Toucan Technologies was acquired on 18-Sep-2023.

  • Who acquired Toucan Technologies?

    Toucan Technologies was acquired by Babbel.

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