Covalo expands funding to tackle beauty data fragmentation
Zurich-based platform Covalo has raised a €3.5 million seed extension to address one of the most urgent challenges in the personal care industry: fragmented and unreliable ingredient data. The fresh capital will help the company scale its digital infrastructure that connects more than 1,500 ingredient suppliers with over 6,000 beauty and personal care brands worldwide.
Reformulation pressure as regulations and consumers shift
The global personal care sector is entering a period of intense transformation. By 2030, as much as 80% of existing products are expected to undergo reformulation, driven by tightening regulations, stricter sustainability criteria and rapidly changing consumer expectations around transparency and safety.
For brands, this means navigating complex compliance rules, sourcing alternative ingredients and validating claims such as “clean”, “vegan” or “microplastic-free”. Yet the underlying data on ingredients is often scattered across legacy systems, PDFs, emails and disconnected databases, slowing down innovation and increasing the risk of costly errors.
Digital marketplace for ingredient intelligence
Covalo positions itself as a digital backbone for this transition. Its platform aggregates and standardises ingredient intelligence, giving formulation, R&D and regulatory teams a single searchable interface for technical specifications, safety documents, certificates and sustainability profiles.
By linking suppliers and brands on one platform, Covalo aims to shorten product development cycles, reduce manual data handling and improve traceability across the supply chain. The company’s tools allow users to filter ingredients by performance, regulatory status and environmental impact, supporting faster and more informed product development decisions.
Scaling a data infrastructure for the future of beauty
The new seed extension will be used to deepen Covalo‘s data coverage, enhance its search and matching capabilities and expand internationally. Investment will also support integrations with existing R&D software and compliance systems, embedding the platform more deeply into day-to-day workflows at large beauty groups and indie brands alike.
As the industry faces an unprecedented wave of product reformulations, platforms that can provide accurate, up-to-date and machine-readable ingredient data are becoming critical infrastructure. Covalo‘s latest funding round signals growing investor confidence that data-driven tools will define the next decade of innovation in personal care.