[7 February/ Food Dive]

Tyson Foods continues to make investments in start-up companies through its Tyson Ventures branch. The latest announcement indicating it has joined a funding round in Tovala, a company that makes steam ovens and ready to cook food, although the details of the investment were not disclosed.  Tovala ovens bake and broil like conventional ovens but can also steam to make proteins juicer and allows for users to programme multiple cooking phases.  This is another step in Tyson’s strategy to invest small amounts in a wide range of companies that cater to growing consumer demand for healthy meals, as well as pushing the company further into the convenience space that is so important to time-strapped consumers.  The investment may create opportunities for Tyson to introduce some of its chicken products to Tovala’s oven.