Tovala

Tovala

Reinventing home cooking to save people time.

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Series C
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2019202020212023
Revenues0000000000000000
% growth-96 %26 %-
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

More about Tovala
Made with AI
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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.

Keywords: food technology, smart oven, meal delivery, convenience, health-conscious, subscription service, kitchen appliance, rapid growth, innovative, customer-focused.

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Investments by Tovala

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Radish
ACQUISITION by Tovala Nov 2017