Tovala

Smart oven with meal delivery service

Chicago, Illinois, United States

About Tovala

Tovala combines hardware, software, and food to simplify home cooking with its Tovala Smart Oven and meal delivery service. The Smart Oven is a countertop appliance that cooks meals automatically when customers scan a QR code on Tovala-prepared meals. This system is designed for busy individuals and families who want healthy, home-cooked meals without spending much time cooking. Tovala targets health-conscious consumers and operates in the meal kit and smart kitchen appliance markets. Its business model includes selling the Smart Oven and offering a subscription service for meal deliveries, ensuring a seamless cooking experience. Revenue comes from oven sales and subscription fees, and the company has experienced rapid growth since its start in 2015, building a loyal customer base. Tovala also focuses on creating a positive work culture, valuing employee well-being and fostering a supportive environment.

Chicago, IllinoisHeadquarters
2017Year Founded
$69.6MTotal Funding
SERIES_CCompany Stage
Food & Agriculture, Hardware, Consumer GoodsIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
401(k) Company Match
Company Equity
Paid Vacation
Paid Holidays

Risks

Increased competition from smart kitchen appliance companies like June Oven and Brava.
Potential supply chain issues due to semiconductor shortages affecting smart oven production.
Rising costs of ingredients and logistics could impact meal delivery pricing and profitability.

Differentiation

Tovala combines a smart oven with a meal delivery service for convenience.
The Tovala Smart Oven automates cooking through QR code scanning for effortless meals.
Tovala targets health-conscious consumers with chef-crafted, nutritious meals and smart technology.

Upsides

Partnership with Jesse Tyler Ferguson enhances brand visibility and broadens audience reach.
Launch of affordable Smart Oven Air Fryer attracts cost-conscious consumers, expanding customer base.
$30M Series C funding fuels growth and innovation in food technology sector.