Tovala (2022)
About this raise
Tovala, with a valuation of $210 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 $2,240,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Invested : $262,736
Deal Terms
- Platform
- OurCrowd
- Start Date
- 05/26/2022
- Close Date
- 09/12/2022
$11,200
$2,240,000
$11,200
Equity - Common
Growth Stage
RegD 506(c)
$210,000,000
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 |
|---|---|---|---|---|---|---|
| 09/12/2022 | OurCrowd | $210,000,000 | $262,736 | Equity - Common | Funded | RegD 506(c) |
| 10/19/2021 | OurCrowd | $400,000,000 | $547,384 | Equity - Common | Funded | RegD 506(c) |
| 12/24/2020 | OurCrowd | $150,000,000 | $326,690 | Equity - Common | Funded | RegD 506(c) |
| 09/16/2020 | OurCrowd | $66,012,150 | $2,961,997 | Equity - Common | Funded | RegD 506(c) |