logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Tovala Raises $20M Series B to Forge the Future of Home Cooking

Jun 02, 2020•over 5 years ago

Amount Raised

$20 Million

Round Type

series b

Chicago

Description

Tovala, the time-saving meal service and countertop smart oven that scans, steams, broils and bakes chef-crafted meals, announces the close of a $20M Series B funding round led by Finistere Ventures, an agrifood venture pioneer, with participation from new investors Comcast Ventures, OurCrowd and Rich Products Ventures. Previous Tovala investors Origin Ventures, Pritzker Group Venture Capital, Crate & Barrel Founder Gordon Segal, New Stack Ventures and the University of Chicago also participated in the round.

Company Information

Company

Tovala

Location

Chicago, Illinois, United States

About

Tovala was born from a mission to reinvent home cooking to save people time. Launched in 2017 by passionate culinary-tech duo David Rabie and Bryan Wilcox, Tovala’s fresh, chef-crafted meals and smart oven work together to let customers enjoy a delicious, home-cooked meal without the work. Each meal requires one minute of prep time before it's scanned and cooked perfectly in the Tovala Smart Oven in 20 minutes or less.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech