The capital raised will be used to support Tovala’s growth, including adding staff across all departments, geographic expansion and investment in product, operations, technology and marketing.
Tyson Foods, Inc., Springdale, Ark., through its corporate venture subsidiary Tyson Ventures, invested in Tovala, a Chicago-based food startup that manufacturers smart countertop steam ovens with fresh ready-to-cook meals.
Tyson Ventures joins a group of investors, including Origin Ventures, the Pritzker Group, startup incubator Y Combinator, Morningstar Inc. founder Joe Mansueto and restaurant entrepreneur Larry Levy in Tovala’s recently closed and announced Series A round of funding. The capital raised will be used to support Tovala’s growth, including adding staff across all departments, geographic expansion and investment in product, operations, technology and marketing.