Tovala Raises $30M in Series C Funding

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Summary

Left Lane Capital’s Co-Founder and Managing Partner Jason Fiedler will join Tovala’s Board of Directors. The company intends to use the funds to open a new production facility, expand the team, improve the customer experience, and continue building its food and consumer technology brand. Launched in 2017 by culinary-tech duo David Rabie and Bryan Wilcox, Tovala provides fresh, chef-crafted meals and a smart oven to let customers enjoy a home-cooked meal without the work. Each meal requires quick prep time before the Tovala Smart Oven scans and cooks it perfectly in 20 minutes or less. The oven has 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.

$ Funding

$
Amount $30.0M Total raised
Date February 4, 2021 Announcement date
Investors Tovala Lead investors
Company http://www.tovala.com Funded company

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