Tovala
Latest round
- Series C
Last raised
- Aug 2022
Total raised
- $68M
Investors
- 15
About Tovala
Tovala, founded in 2015, is a meal delivery company that specializes in providing chef-crafted meals prepared using their proprietary Smart Oven. The company is headquartered in Chicago, US.Tovala offers a unique meal delivery service centered around its core product, the Tovala Smart Oven, which simplifies home cooking. The service includes over 35 chef-crafted meals delivered weekly, requiring only one minute of preparation. Customers can scan a barcode on the meal packaging with the Smart Oven, which accesses a chef-perfected cooking cycle via WiFi, ensuring meals are prepared to restaurant-quality standards in 20 minutes or less. Target customers include busy professionals, families, and individuals seeking convenient, high-quality meal options.Tovala generates revenue through a subscription-based model, providing flexible meal plans that cater to varying customer needs.99 per meal. The Tovala Smart Oven is available at a promotional price of USD 69 for customers who commit to ordering meals six times over six months. This strategy encourages ongoing subscriptions while offering the convenience of ready-to-cook meals that require minimal preparation and cleanup. The company is exploring the design and launch of new meal options and is targeting expansion beyond urban centers in the contiguous United States. The specific details regarding new product launches and market entry dates are yet to be announced.
Who invested in Tovala
15 investors across 7 rounds
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Funding rounds
Series C
Aug 18, 2022
Amount
Undisclosed
Investors
Series C
Feb 4, 2021
Amount
$30M
Investors
Series B
Jun 2, 2020
Amount
$20M
Investors
Series A
May 31, 2019
Amount
$7.1M
Investors
Series A
Dec 18, 2017
Amount
$9.2M
Investors
Seed
Oct 18, 2016
Amount
$1.6M
Investors
Seed
Jan 19, 2016
Amount
$0.5M
Investors
Questions about Tovala
Who invested in Tovala?
Tovala has 15 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tovala raised?
Tovala has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did Tovala last raise money?
Tovala's most recent round on record is a Series C, in Aug 2022.
What does Tovala do?
Tovala, founded in 2015, is a meal delivery company that specializes in providing chef-crafted meals prepared using their proprietary Smart Oven.
Where is Tovala headquartered?
Tovala is headquartered in Chicago, US.
Which VCs invest in companies like Tovala?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Tovala's stage. Their profiles are linked below.
VCs backing consumer products startups at Series C
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