Ovalz

company

About

Ovalz is online shortage and spoilage monitoring software for SMBs.

  • 1 - 10

Details

Last Funding Type
Seed
Last Funding Money Raised
$200K
Industries
E-Commerce,E-Commerce Platforms,Food and Beverage,Retail Technology,Software
Founded date
Jul 1, 2019
Number Of Employee
1 - 10
Operating Status
Active

Ovalz automates expiration date checks for grocers; we built an algorithm that cuts grocery labor costs and food waste. U.S. Grocers manually check expirations and throw out 30% of their food each year.

With Ovalz, product expiration date status is digitally available because we integrate across your systems without purchasing expensive devices.

We assign a unique digital ID to your products when items are received, including a Lot ID and expiration date that follows your inventory from storeroom to purchase.

Our algorithm is available through our web app and coming API.

We are an early-stage Tedco Portfolio Company headquartered in College Park, MD.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$200K
Ovalz has raised a total of $200K in funding over 2 rounds. Their latest funding was raised on Jun 20, 2020 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 20, 2020 Seed $200K 1 TEDCO Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Ovalz is funded by 1 investors. TEDCO are the most recent investors.
Investor Name Lead Investor Funding Round
TEDCO Yes Seed