Covalo, a Zurich-based ingredients discovery and data platform for the personal care indusattempt, today announced a €3.5 million Seed extension to support its transition from a marketplace to the indusattempt’s reliable data infrastructure.
The round was led by Hi inov, with participation from existing investors HTGF and seed+speed Ventures. Along with this funding, Covalo also announced its 5-year indusattempt anniversary.
Timo von Bargen, co-founder and Co-CEO, stated, “Five years ago, we built the world’s largest ingredient discovery platform. What we’ve learned is that discovery is just the launchning – what the indusattempt necessarys is a shared system of record where ingredient data is structured once, governed once, and reutilized everywhere. Our largest customers are expanding their utilize of the platform two- to three-fold year over year, not becautilize we’re selling harder, but becautilize once data is structured on Covalo, teams across R&D, regulatory, and procurement all want access. That compounding effect is something no standalone tool can replicate.”
Founded in 2021, Covalo supports consumer goods companies bring sustainable products to market quicker by empowering them to better connect, collaborate, and transact with their suppliers. It claims to connect over 1,500 ingredient suppliers with more than 6,000 brands across 145+ countries, supporting R&D teams to discover, assess, and collaborate on ingredients more effectively.
According to the company, innovation in personal care relies on ingredient data – yet that data remains dispersed across organisations, systems, and formats.
“A single product, such as a facial cream, can require 35-40 raw materials, each with approximately 20 associated documents covering safety, regulatory compliance, sustainability claims, and technical specifications. These documents come in different structures, from different suppliers, applying different nomenclature, with no standardised way to connect them,” the company explained.
Covalo notes that this leads R&D, regulatory, and procurement teams to spconclude substantial time on compliance and managing technical data for product development and regulatory processes.
It expects that, with new regulations accelerating, including the EU Green Deal, microplastics ban, and packaging reform, around 80% of products will necessary reformulation by 2030, which will further increase the volume and complexity of ingredient data that companies must handle.
The company is of the opinion that this fragmentation hampers the indusattempt’s capacity to adopt AI and advanced digital workflows efficiently, due to the lack of a common, structured foundation to support development.
Covalo claims to address this challenge by creating a secure, neutral platform that directly connects to suppliers’ product information management (PIM) systems and brands’ R&D and PLM workflows, thereby replacing emails, PDFs, and spreadsheets that still dominate how ingredient data circulates in the indusattempt.
Whenever a supplier updates a compliance certificate on Covalo, all brands that utilize that ingredient will see the update instantly. Similarly, when a brand approves a new ingredient, the structured data integrates into its formulation and procurement workflows, notes the company.
Yann Chilvers, co-founder and Co-CEO, commented, “On average, it takes 3-5 years to bring a product to market. At the conclude of this process, 50% of product launches fail, costing the indusattempt hundreds of billions every year. Much of this inefficiency stems from how information is managed and shared throughout the product lifecycle; product data is the one data that flows across the entire process. The problem is that this process is highly fragmented and inefficient on an indusattempt level.
“With new regulation, constant supply chain disruption, sustainability pressure, and quick modifys in consumer demand, the pace of modify has never been so high and companies struggle to keep up. Many companies are attempting to find internal solutions to address these challenges, but what they truly necessary is one common data backbone that powers the indusattempt and allows for seamless data flows across teams and partners. Covalo is that backbone.”
Covalo, which operates an ingredients platform for the personal care indusattempt, is evolving into a data infrastructure for the indusattempt, supporting companies structure, manage, and exmodify product and ingredient data across their organisations and partners. With its neutral platform, Covalo aims to enable the personal care ecosystem to operate more efficiently and prepare it for future digital and AI-driven innovation.
The Swiss startup reported that its platform engagement increased by 84% in 2025, with 1.3 million monthly interactions and net revenue retention exceeding 145%. It also partners with key indusattempt organisations, including TraceOne for regulatory data integration, Reed Exhibitions for indusattempt event connections, and the B Corp Beauty Coalition for sustainability initiatives, among several leading indusattempt associations.
With the fresh capital, the company intconcludes to expand its enterprise offerings in key markets, introduce new indusattempt-specific AI agents, including conversation analytics, RFI/RFP workflow automation, data extraction and enrichment, and regulatory compliance checks, and strengthen its data platform with full product information management (PIM) and master data management (MDM) capabilities.
Leave a Reply