The Venture Codex Logo

The Venture Codex

Toucan

3826 Grand View Boulevard Suite 662118, Los Angeles, CA, 90066, United States

Overview

Toucan builds a Chrome extension that scans webpage text and replaces select words with translations in users' target language to create passive, contextual vocabulary learning. The product supports seven languages (Spanish, Korean, French, German, Italian, Portuguese and Japanese) and blends human translators with machine learning and natural language processing to ensure contextual, progressively personalized translations. The company reports about 60,000 monthly active users acquired organically. Toucan operates a freemium model with a Toucan Premium subscription starting at $4.99 per month that increases translation density and offers ad opt-out and sponsorship (“own a word”) features. The startup has a small team (about 12 employees) and plans to grow headcount and expand browser support. Future product plans include internationalizing translations (e.g., Spanish↔English), launching a Safari extension, supporting more browsers and integrating the layer into mobile apps and physical-world experiences. Toucan’s Chrome extension teaches users languages by translating a subset of words on English-language websites into the learner’s target language, with the original English revealed on hover. It currently supports Spanish, French, Italian, German and Portuguese. The product combines natural language processing with teams of translators, including college professors and students, and allows users to report incorrect translations. Toucan is experimenting with engagement and monetization features such as paid "word ownership" sponsorships and a premium subscription that unlocks additional vocabulary while keeping a large portion of the offering free. The company plans to add new languages, launch Firefox and Safari extensions, and explore applying the same approach to other subjects like history or science. Financially, the startup announced a $3 million seed round led by GSV Ventures with participation from several venture firms and strategic angel investors.

Total raised
$8M
Funding rounds
2
Latest round
Seed
Latest activity
Apr 2021

Industries

  • E-Learning
  • Education
  • Internet
Visit website

Recent funding

  1. Seed

    Apr 2021

    $5M

  2. Seed

    Sep 2020

    $3M

Team