[Closed for Investment] Tovala, with a valuation of $150 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company aims to revolutionize the food delivery and meal kit industries by delivering high-quality meals that are extremely easy to prepare. The business is also reinventing home cooking with its smart and Wi-Fi-enabled oven that is specially designed to cook Tovala’s freshly prepared meal kits. Tovala has a loyal customer base and was chosen by Oprah Winfrey for her Favorite Things 2021 List. David Rabie and Bryan Wilcox founded Tovala in 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $330,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Deal Terms
- Platform
- OurCrowd
- Start Date
- 11/01/2020
- Close Date
- 12/24/2020
$10,000
$330,000
$10,000
Equity - Common
RegD 506(c)
$150,000,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Location
- Chicago, Illinois
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/01/2022 | OurCrowd | - | - | Equity - Common | Funded | RegD 506(c) |
| 10/19/2021 | OurCrowd | $400,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| 12/24/2020 | OurCrowd | $150,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| 09/16/2020 | OurCrowd | $66,012,150 | - | Equity - Common | Funded | RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.