Covalo Secures €3.5 Million to Transform Personal Care Data Infrastructure

Covalo, a Zurich-based platform connecting ingredient suppliers and brands, has raised €3.5 million, led by Hi inov. Transforming from a discovery marketplace, Covalo aims to create a shared data infrastructure for the personal care industry. This initiative responds to regulatory pressures and the need for quicker product reformulations. The funding will enhance integrations and AI capabilities, streamlining and revolutionizing ingredient data management.