Tovala: Raises $30M in Series C Funding

  • Tovala, a Chicago, IL-based meal service paired with an oven that scans, steams, bakes, and broils its meals, closed a $30M Series C funding
  • The round led by Left Lane Capital, with participation from previous investors Finistere Ventures, Comcast Ventures, OurCrowd, Origin Ventures, Pritzker Group Venture Capital, and Joe Mansueto
  • The company also intends to use the funds to open a new production facility, expand the team, improve the customer experience
  • Tovala also provides fresh, chef-crafted meals and a smart oven to let customers enjoy a home-cooked meal without the work
  • The oven has 5 different cooking functions and the ability to scan-to-cook nearly 1,000 brand-name grocery items from brands like Kashi and Amy’s
  • Tovala is available for purchase at Tovala.com, Amazon, and QVC
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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