In an industry where innovation depends heavily on accurate and accessible data, inefficiencies in managing ingredient information have long slowed down product development. Switzerland based Covalo is tackling this challenge by building a unified platform for ingredient discovery and data management, and has now raised €3.5 million in a funding extension to accelerate its growth.
Continued Investor Confidence
The funding round was led by Hi Inov, with participation from existing investors HTGF and seed+speed Ventures. This continued backing highlights strong confidence in Covalo’s approach to solving one of the personal care industry’s most persistent operational challenges.
The additional capital will be used to expand the company’s data platform and strengthen its enterprise offering as demand for more efficient data management solutions continues to grow.
Tackling Fragmented Ingredient Data
Product development in the personal care sector involves managing large volumes of information, including technical specifications, regulatory requirements, and sustainability data. This information is often scattered across multiple systems, formats, and stakeholders, making it difficult to access and use effectively.
Teams in research and development, regulatory compliance, and procurement frequently rely on manual processes such as emails, spreadsheets, and PDF documents to exchange data. These methods are not only time consuming but also prone to errors and inconsistencies.
According to co founder and co CEO Yann Chilvers, these inefficiencies can lead to delays in product development and even unsuccessful product launches. They also limit the industry’s ability to respond quickly to changing regulations and evolving consumer demands.
Building a Unified Data Platform
Covalo addresses these challenges by providing a platform that connects suppliers and brands through structured and standardised data flows. Instead of relying on fragmented communication channels, companies can access and share information in a consistent and efficient manner.
The platform integrates directly with suppliers’ product information management systems as well as brands’ internal workflows. This enables real time updates and ensures that all stakeholders are working with the most current data.
By centralising and standardising ingredient information, Covalo helps companies streamline processes across the entire product lifecycle, from initial formulation to final production.
Enhancing Collaboration Across the Ecosystem
Covalo’s platform is already used by a wide network of suppliers and brands within the personal care industry. By facilitating seamless data exchange, it improves collaboration between different stakeholders and reduces the friction associated with traditional workflows.
The company also works closely with industry organisations to support data integration, regulatory processes, and sustainability initiatives. This collaborative approach helps ensure that its platform aligns with broader industry standards and requirements.
Introducing AI Driven Capabilities
With the new funding, Covalo plans to further enhance its platform by developing artificial intelligence based tools. These tools will focus on automating workflows, improving data processing, and supporting regulatory compliance.
AI has the potential to significantly reduce manual effort and improve accuracy, enabling companies to handle complex data more efficiently. By integrating these capabilities into its platform, Covalo aims to provide even greater value to its users.
Scaling for the Future of Personal Care
As the personal care industry continues to evolve, the need for efficient and scalable data management solutions is becoming increasingly important. Companies must navigate complex regulatory environments while also meeting consumer expectations for transparency and sustainability.
Covalo’s platform is designed to address these challenges by providing a modern infrastructure for managing ingredient data. With strong investor support and a clear focus on innovation, the company is well positioned to play a key role in the digital transformation of the personal care sector.
By replacing outdated processes with structured and automated systems, Covalo is helping the industry move toward faster, more efficient, and more reliable product development.