About Tovala
Tovala is a company based in Chicago (United States) founded in 2015 by David Rabie. Tovala has raised $61.9 million across 9 funding rounds from investors including OurCrowd, Seamless and The University of Chicago. Tovala has completed 1 acquisition, including Tovala. Tovala offers products and services including Tovala Smart Oven and Fresh Meals. Tovala operates in a competitive market with competitors including Brava Home, Level, Inductive Intelligence, Celcy and Balmuda, among others.
- Headquarter Chicago, United States
- Founders David Rabie
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Sectors
ConsumerRetail Technology
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- Legal Name Maestro Food Co
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Products & Services of Tovala
Tovala offers a comprehensive portfolio of products and services, including Tovala Smart Oven and Fresh Meals.
Countertop oven that automates cooking via WiFi for various foods.
Weekly delivered, pre-prepped meals for easy home preparation and cooking.
People of Tovala
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Leadership Team
8 people
Creative and Marketing Team
6 people
Human Resources and Administration
5 people
Product Management Team
4 people
Sales and Marketing
4 people
Operations Team
4 people
Software Development Team
4 people
Finance and Accounting
3 people
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Funding Insights of Tovala
Tovala has successfully raised a total of $61.9M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Tovala
Tovala has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OurCrowd, Seamless and The University of Chicago.
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Comcast Ventures is focused on investing in technology startups.
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VC firm investing in the US
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Investor details for Tovala
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Investments & Acquisitions by Tovala
Tovala has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tovala.
Investment portfolio details for Tovala
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Fresh meal delivery service is provided by Tovala.
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Complete acquisition details for Tovala
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Financial Statements - Tovala
Detailed financials for Tovala
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Tovala Comparisons
Peer comparison for Tovala
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Competitors of Tovala
Tovala operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brava Home, Level, Inductive Intelligence, Celcy and Balmuda, among others.
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Provider of smart oven
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Level is recognized as a specialized law firm focusing on media, entertainment, technology, and sports sectors.
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Manufacturer of IoT-powered induction devices for kitchen appliances
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Smart ovens with app control are provided by Celcy.
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Internet first brand offering home appliances
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Detailed competitors of Tovala
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Latest news on Tovala
Complete news archive for Tovala
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Frequently Asked Questions about Tovala
Tovala was founded in 2015.
Tovala is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
David Rabie is the current CEO of Tovala. They have also founded this company.
Tovala is a funded company, having raised a total of $61.9M across 9 funding rounds to date.
Tovala was founded in 2015 in Chicago, United States, and operates in the smart kitchen appliance sector. Connected ovens are offered with features such as broiling, steaming, convection, microwave heating, toasting, scan-to-cook functionality, and integration with a mobile app available on Android and iOS. Subscription-based smart meals are also provided, which are automatically detected and cooked using preset cycles.
Tovala's top competitors include Brava Home, Level and Balmuda.
Tovala offers Tovala Smart Oven and Fresh Meals.
Tovala has made 1 acquisition, including Tovala.
Tovala has 27 investors. Key investors include OurCrowd, Seamless, The University of Chicago, Tyson Foods, and Finistere Ventures.