T
Tovala
Reinventing home cooking to save people time
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Origin Ventures
Y Combinator
Valor Equity Partners
Pritzker Group Venture Capital
RiverPark Ventures
New Stack Ventures
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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
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