Abstract Easy access to multi‐taxa information (e.g. distribution, traits, diet) in the scientific literature is essential to understand, map and predict all‐inclusive biodiversity. Tools are needed to automatically extract useful information from the ever‐growing corpus of ecological texts and feed this information to open data repositories. A prerequisite is the ability to recognise mentions of taxa in text, a special case of named entity recognition (NER). In recent years, deep learning‐based NER systems have become ubiquitous, yielding state‐of‐the‐art results in the general and biomedical domains. However, no such tool is available to ecologists wishing to extract information from the biodiversity literature. We propose a new tool called TaxoNERD that provides deep neural network (DNN) models to recognise taxon mentions in ecological documents. To achieve high performance, these models usually need to be trained on a large corpus of manually annotated text. Creating such a corpus is a laborious and costly process, with the result that manually annotated corpora in the ecological domain tend to be too small to learn an accurate DNN model from scratch. To address this issue, we leverage existing models pretrained on large biomedical corpora using transfer learning. The performance of our models is evaluated on four corpora and compared to the most popular taxonomic entity recognition tools. Our experiments suggest that existing taxonomic NER tools are not suited to the extraction of ecological information from text as they performed poorly on ecologically oriented corpora, either because they do not take account of the variability of taxon naming practices or because they do not generalise well to the ecological domain. Conversely, a domain‐specific DNN‐based tool like TaxoNERD outperformed the other approaches on an ecological information extraction task. Efforts are needed to raise ecological information extraction to the same level of performance as its biomedical counterpart. One promising direction is to leverage the huge corpus of unlabelled ecological texts to learn a language representation model that could benefit downstream tasks. These efforts could be highly beneficial to ecologists on the long term.