# Covalo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covalo

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.covalo.com
- Total disclosed funding: $4M
- Latest round: Seed (Apr 2, 2026)
- Investors on record: 3

## About

Based in Zurich, Switzerland, and co-founded by Timo von Bargen (CEO) and Yann Chilvers in 2021, Covalo AG operates as a software development company offering a data platform for the consumer goods industry. The firm has helped formulators from more than 5,000 brands such as Clariant, Revlon, Stephenson, Lush, L’Oréal, and Drunk Elephant across 140 countries, etc. In April 2026, Covalo AG raised USD 4 million in seed funding led by new investor Hi inov, with participation from returning investors High-Tech Gruenderfonds and Seed and Speed Ventures.

The company offers a personal care ingredients platform that enables brands and companies to find ingredient data and connect, collaborate, and transact with the right ingredients, packaging, and service suppliers. The firm as of March 2023, has over 75,000 beauty ingredients listings from more than 1,000 suppliers listed in the platform.

The company generates revenue primarily through subscription-based access to its data platform and enterprise solutions for brands and suppliers. Additional revenue is derived from supplier visibility services and premium data-driven tools that support formulation, compliance and sourcing decisions.

The company will use the April 2026 funding to accelerate the expansion of its data infrastructure platform and support continued product development focused on improving regulatory, R&D, and supplier collaboration workflows.

## Funding rounds

- Seed, Apr 2, 2026, $4M — High-Tech Gruenderfonds, Hi Inov - Dentressangle, Seed and Speed Ventures

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Hi Inov - Dentressangle (https://capitalatlas.ai/funds/hi-inov-dentressangle) — Seed
- Seed and Speed Ventures (https://capitalatlas.ai/funds/seed-and-speed-ventures) — Seed