Covalo raises €3.5M to become the shared data infrastructure for an industry where 80% of products will need reformulating by 2030

The Zurich platform, which connects 1,500+ ingredient suppliers and 6,000 brands including Givaudan, Symrise, PUIG, and La Prairie, is evolving from a discovery marketplace into a data backbone that plugs directly into suppliers’ PIM systems and brands’ R&D workflows. Hi inov led the round. Covalo,

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Cristian Dina

📅 Apr 2, 2026·⏱ 1 min read·The Next Web ↗

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https://thenextweb.com/news/covalo-3-5m-hi-inov-personal-care-data-infrastructure

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Covalo raises €3.5M to become the shared data infrastructure for an industry where 80% of products will need reformulating by 2030

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Covalo raises €3.5M to become the shared data infrastructure for an industry where 80% of products will need reformulating by 2030

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