Venture Capital News: Tovala Pulls In $30M Series C Round
2021-02-04
CHICAGO, IL, Tovala announces the close of a $30 million Series C funding round.
Tovala, the first-ever meal service paired with a countertop smart oven that scans, steams, bakes, and broils its chef-crafted meals, announces the close of a $30M Series C funding round led by Left Lane Capital, an investment group focused on high-growth internet and consumer companies, with participation from previous investors Finistere Ventures, Comcast Ventures, OurCrowd, Origin Ventures, Pritzker Group Venture Capital, and Joe Mansueto.
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 the Tovala Smart Oven scans and cooks it perfectly in 20 minutes or less.
With 5 different cooking functions (steam, bake, broil, toast, reheat) and the ability to scan-to-cook nearly 1,000 brand-name grocery items from brands like Kashi and Amy's, the Tovala Smart Oven's versatility extends beyond just cooking Tovala Meals. Tovala is available for purchase at Tovala.com, Amazon, and QVC.
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