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In this article we present GeoTxt, a scalable geoparsing system for the recognition and geolocation of place names in unstructured text. GeoTxt offers six named entity recognition (NER) algorithms for place name recognition, and utilizes an enterprise search engine for the indexing, ranking, and retrieval of toponyms, enabling scalable geoparsing for streaming text. GeoTxt offers a flexible application programming interface (API), allowing for customized attribute and/or spatial ranking of retrieved toponyms. We evaluate the system on a corpus of manually geo‐annotated tweets. First, we benchmark the performance of the six NERs that GeoTxt provides access to. Second, we assess GeoTxt toponym resolution accuracy incrementally, demonstrating improvements in toponym resolution achieved (or not achieved) by adding specific heuristics and disambiguation methods. Compared to using the GeoNames web …