Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Tovala

Explore full profile

Reinventing home cooking to save people time

Chicago, United StatesFounded 2015eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2021
Revenue $100–500M Latest reported FY
Headcount 100–500 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Tovala and the history behind them.

About Tovala

Tovala is a food technology startup that is revolutionizing home cooking by combining hardware, software, and food to offer convenient, healthy meals. The company’s flagship product is the Tovala Smart Oven, a countertop appliance that works in tandem with Tovala's meal delivery service. Customers can scan a QR code on Tovala-prepared meals, and the oven automatically cooks the meal to perfection. This service is designed for busy individuals and families who want to enjoy nutritious, home-cooked meals without spending much time in the kitchen.

Tovala operates in the meal kit and smart kitchen appliance markets, targeting health-conscious consumers who value convenience. The company’s business model is based on selling the Tovala Smart Oven and offering a subscription-based meal delivery service. Customers purchase the oven and then subscribe to receive chef-crafted meals delivered to their doorstep. Each meal is designed to be cooked in the Tovala Smart Oven, ensuring a seamless and hassle-free cooking experience.

Revenue is generated through the sale of the smart ovens and the ongoing subscription fees for the meal delivery service. Tovala also offers accessories and gift options, further diversifying its income streams. The company has seen rapid growth since its inception in 2015, amassing a loyal customer base and attracting investment from top-tier firms.

Tovala emphasizes a positive work culture, prioritizing the well-being of its employees and fostering a growth mindset. The company values good people who do good work and strives to create a supportive environment in both its corporate office and food production facility.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Chicago, United States
Employees
170
Open positions
7
Dealroom signal
82.5/100
Industry
Food
Sub-industry
Food Logistics & Delivery
Sector
eCommerce & Marketplaces, Delivery, Direct-to-Consumer, YC W16
Business model
Marketplace & ecommerce
Client focus
b2b, b2c
Investment activity
1 company, latest Nov 2017
Capital deployed
—
Preferred round
ACQUISITION

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Aug 2022 $0 — FJ Labs · Changer Club —
SERIES COther financing Feb 2021 $30M $120M Pritzker Group Venture Capital · OurCrowd · Comcast Ventures · Origin Ventures —
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Tovala website traffic

Latest recorded traffic for Tovala is 460K monthly website visits, down 33.3% over the last three months. Tovala's team grew 6.3% over the past year.

Latest monthly visits460K 3-month web change-33.3% 1-year team growth+6.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

Series A8 investors entered at this stage

  • Tyson Foods
  • Grant Newlin
  • Finistere Ventures
  • OurCrowd
  • Comcast Ventures
  • Rich Products Ventures
  • Gordon Segal
  • George Shultz Innovation Fund

Series B and later4 investors entered at this stage

  • Left Lane Capital
  • Joseph Mansueto
  • FJ Labs
  • Changer Club
Team profiled 25 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇺🇸 United States95.7%
🇧🇷 Brazil0.8%
🇬🇧 United Kingdom0.8%
🇦🇺 Australia0.8%
🇸🇦 Saudi Arabia0.8%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tovala on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Tovala’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.