Tovala Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Private

  • Employees
  • 350

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $56M

  • Investors
  • 54

Tovala General Information

Description

Provider of meal services intended to provide fresh, chef-crafted meals along with a smart oven work together. The company's service consists of an internet-connected countertop steam oven capable of multi-step cooking with meals prepared by gourmet chefs, making dinner preparation as simple as scanning a barcode, enabling consumers to eat delicious, healthy, home-cooked meals while saving time.

Contact Information

Website
www.tovala.com
Formerly Known As
Maestro
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1021 West Adams Street
  • Suite 100
  • Chicago, IL 60607
  • United States
+1 (312)
Primary Industry
Food Products
Other Industries
Other Restaurants, Hotels and Leisure
Application Software
Electronics (B2C)
Corporate Office
  • 1021 West Adams Street
  • Suite 100
  • Chicago, IL 60607
  • United States
+1 (312)

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Tovala Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series C) 01-Jul-2022 $56M Completed Generating Revenue
6. Later Stage VC (Series C) 04-Feb-2021 Completed Generating Revenue
5. Later Stage VC (Series B3) 02-Jun-2020 Completed Generating Revenue
4. Early Stage VC (Series A) 19-Dec-2017 Completed Generating Revenue
3. Seed Round 10-Jan-2017 Completed Generating Revenue
2. Product Crowdfunding 07-Apr-2016 $256K $120K Completed Startup
1. Accelerator/Incubator 22-Mar-2016 $120K $120K Completed Startup
To view Tovala’s complete valuation and funding history, request access »

Tovala Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C-2
Series C-1
Series C
Series B3
Series B2
Series B1
Series A6
Series A5
Series A4 3,661,089 $0.000010 $0.32 $0.32 1x $0.32 1.64%
Series A3 1,669,757 $0.000010 $0.27 $0.27 1x $0.27 0.75%
To view Tovala’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

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Tovala Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of meal services intended to provide fresh, chef-crafted meals along with a smart oven work together. The compa
Food Products
Chicago, IL
350 As of 2023

New York, NY
 

Cambridge, MA
 
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Tovala Competitors (2)

One of Tovala’s 2 competitors is CookUnity, a Venture Capital-Backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
CookUnity Venture Capital-Backed New York, NY
Suvie Venture Capital-Backed Cambridge, MA
You’re viewing 2 of 2 competitors. Get the full list »

Tovala Patents

Tovala Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20190315553-A1 Cooling pack including consumable food product and systems and methods for optimizing packaging for perishable items using same Inactive 17-Apr-2018
US-20170016623-A1 Automated cooking device and method Inactive 14-Jul-2015

Tovala Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Tovala Investors (54)

Investor Name Investor Type Holding Investor Since Participating Rounds
Beringea Venture Capital Minority
Caruso Ventures Venture Capital Minority
DYDX Venture Capital Minority
Finaccess Capital Growth/Expansion Minority
FJ Labs Venture Capital Minority
You’re viewing 5 of 54 investors. Get the full list »

Tovala Acquisitions (1)

Tovala’s most recent deal was a Merger/Acquisition with Radish (Application Software). The deal was made on 14-Nov-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Radish (Application Software) 14-Nov-2017 Merger/Acquisition Other Restaurants, Hotels and Leisure
To view Tovala’s complete acquisitions history, request access »

Tovala FAQs

  • When was Tovala founded?

    Tovala was founded in 2015.

  • Where is Tovala headquartered?

    Tovala is headquartered in Chicago, IL.

  • What is the size of Tovala?

    Tovala has 350 total employees.

  • What industry is Tovala in?

    Tovala’s primary industry is Food Products.

  • Is Tovala a private or public company?

    Tovala is a Private company.

  • What is the current valuation of Tovala?

    The current valuation of Tovala is .

  • What is Tovala’s current revenue?

    The current revenue for Tovala is .

  • How much funding has Tovala raised over time?

    Tovala has raised $119M.

  • Who are Tovala’s investors?

    Beringea, Caruso Ventures, DYDX, Finaccess Capital, and FJ Labs are 5 of 54 investors who have invested in Tovala.

  • Who are Tovala’s competitors?

    CookUnity and Suvie are competitors of Tovala.

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