Covalo lands €3.5M funding extension to advance personal care data platform

Covalo, a Switzerland-based platform for ingredient discovery and data
management in the personal care industry, has raised €3.5 million in a funding
extension. The round was led by Hi Inov, with participation from existing
investors HTGF and seed+speed Ventures.

The company addresses challenges in managing ingredient data, which is
often fragmented across multiple systems, formats, and stakeholders. Product
development typically requires handling large volumes of technical, regulatory,
and sustainability information, creating operational complexity for R&D,
regulatory, and procurement teams.

According to co-founder and co-CEO Yann Chilvers, inefficiencies in how
product data is managed and shared contribute to delays and unsuccessful
product launches, while limiting the industry’s ability to respond to
regulatory changes and evolving market demands.

Covalo provides a platform that connects suppliers and brands through
structured, standardised data flows, replacing manual processes such as emails,
spreadsheets, and PDFs. By integrating directly with suppliers’ product
information management systems and brands’ internal workflows, it enables
real-time updates and more efficient data exchange across the product
lifecycle.

The platform is used by a broad network of suppliers and brands across
the personal care ecosystem and works with industry organisations to support
data integration, regulatory processes, and sustainability initiatives.

The funding will support the expansion of Covalo’s data platform and
enterprise offering, including the development of AI-based tools for workflow
automation, data processing, and regulatory compliance, as the company
continues to scale its infrastructure for the personal care industry.