Covalo
Covalo is a Zurich-based B2B data platform that connects ingredient suppliers with consumer goods brands in the personal care industry, enabling faster product development through AI-powered ingredient discovery, supplier sourcing, and regulatory compliance tools across 145+ countries.
- Company typePrivate
- Founded2021
- HeadquartersZürich, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Covalo does
Covalo is a Zurich-based B2B data platform founded in 2021 that connects ingredient, packaging, and service suppliers with consumer goods brands in the personal care industry. The company serves over 6,000 brands and 1,500 suppliers across 145+ countries, with named enterprise customers including L'Oréal, Sephora, COTY, Beiersdorf, Givaudan, Symrise, Lush, and KDC/One. Its platform supports product development workflows including ingredient discovery, supplier sourcing, formulation optimization, and regulatory compliance across 85+ jurisdictions. The company reports 84% platform engagement growth in 2025, 1.3 million monthly interactions, 100k+ listed products, and net revenue retention exceeding 145%.
The company's core technology combines an online marketplace with an AI-powered data platform built around a proprietary Standard Data Model constructed from over 1,000 supplier product datasets. Named AI capabilities include LLM Search (natural language query interpretation), Data Extraction (unstructured document processing for regulatory content), and AI-driven Recommendations (formulation optimization for sustainability, performance, price, and supply chain resilience), co-developed with ETH Zürich and EPFL. Ecosystem integrations with TraceOne (PLM) and Ecomundo (regulatory compliance) allow Covalo data to be embedded in enterprise product lifecycle management systems. The 2026 seed extension explicitly funds expansion into AI agents for automated regulatory compliance and workflow automation.
Covalo operates a hybrid go-to-market combining product-led self-serve access with enterprise field sales. Monetization includes a freemium tier for smaller brands and suppliers, enterprise subscriptions for scaled offerings with full PIM/MDM capabilities, and marketplace transaction flows. The company has raised approximately €5M in disclosed funding across seed rounds (2021 SICTIC, 2023 lead by HTGF, 2026 lead by Hi inov), with 11–50 employees and strategic acquisitions including Chemberry (2021) and Cosmetitrovo (December 2024) supporting geographic and capability expansion.
Covalo firmographics
Firmographics- Name
- Covalo
- Legal name
- Covalo AG
- Website
- https://covalo.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Covalo is a Zurich-based B2B data platform that connects ingredient suppliers with consumer goods brands in the personal care industry, enabling faster product development through AI-powered ingredient discovery, supplier sourcing, and regulatory compliance tools across 145+ countries.
- Ownership category
- akta.pro rank
Covalo industry classification
Industry- Product category
- Personal Care Industry Data Platform
- akta.pro primary industry
- Chemicals, Ingredients & Raw Materials Marketplaces (CRAFAHAK)
Keywords
Where Covalo is headquartered
LocationHeadquarters
- HQ city
- Zürich
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Covalo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Data Platform Services: Subscription-based data infrastructure platform connecting suppliers' product information management systems with brands' R&D and product lifecycle workflows. Provides enterprise offerings with AI agents for regulatory compliance, data extraction, and workflow automation.
- Marketplace Transactions: Platform connecting over 1,500 suppliers with 6,000+ brands, facilitating ingredient discovery and sourcing with data exchange capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free signup tier for initial platform access |
| Subscription | Annual | Enterprise offering with AI agents and full PIM/MDM capabilities |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Covalo product offering
Product offeringCore offering
Covalo operates an AI-powered data platform and online marketplace that connects consumer goods brands with ingredient, packaging, and service suppliers to accelerate product development. The platform centralizes supplier product information, regulatory data, certifications, and ESG commitments through an industry-standard data model, and provides AI-driven search, extraction, and recommendation capabilities to help brands discover ingredients faster, ensure regulatory compliance, and reformulate products.
Product overview
Covalo operates as a dual-component platform combining an AI-powered Data Platform with a Marketplace. The Data Platform serves as the foundational data infrastructure for the consumer goods industry, providing centralized data management through Standard Data Models, Custom Data capabilities, and enterprise-level integrations including AI-powered features (Data Extraction, LLM Search, and AI-driven Recommendations) co-developed with ETH Zürich and EPFL. The Marketplace functions as the consumer-facing ingredient discovery interface connecting over 1k+ suppliers with 5k+ brands across 145+ countries. Together, these components enable brands to accelerate sustainable product innovation while allowing suppliers to enhance their online visibility and drive business growth.
Differentiator
Problem solved
Functional benefit
Products and services
- Covalo Data Platform AI-powered data platform for consumer goods brands and ingredient suppliers that consolidates supplier product information, global regulatory data, certifications, and ESG commitments into a single source of truth, enabling ingredient discovery, formulation optimization, and regulatory compliance management.
- Covalo Marketplace Online marketplace connecting over 1,500 ingredient suppliers with 6,000+ brands across 145+ countries, enabling ingredient discovery, supplier evaluation, sourcing, and transactions for the personal care industry.
Quantifiable outcome
- Find ingredients 90% faster with advanced filters and customized search
- +4 more outcomes
Companies that use Covalo
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles2 records
Covalo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature6 records
Covalo partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered major, core and minor.
- CosmetitrovomajorItalian personal care ingredients platform acquired by Covalo to support regionalization strategy. Integration of Covalo's technology with Cosmetitrovo's local expertise to develop regionally tailored solutions for Italy and expand into adjacent regions.
- TraceOnecoreStrategic ecosystem integration partner - Covalo data is seamlessly connected via TraceOne ecosystem partners, integrated within Trace One Devex PLM for cosmetics and personal care manufacturers. Part of Covalo's 4 strategic partners connecting 5k+ brands to 1k+ suppliers globally.
- EcomundocoreEcosystem integration partner connecting Covalo data via their platform. Ecomundo provides regulatory and environmental compliance solutions for the cosmetics industry.
- in-cosmeticsmajorPremier global industry event for personal care ingredients - Covalo participates and the platform is used by attendees to discover suppliers and plan their Innovation Zone visits.
- CosmedminorFrench professional association for cosmetic ingredients - partnership supporting industry standards and networking.
- EcocertminorCertification body for organic and natural cosmetics - partnership integrating certification data into Covalo's platform.
- SKWminorSwiss chemical distribution company (SKW-CDS) - strategic partner in the Covalo ecosystem.
- ISIPCAminorInternational Superior Institute of Perfumes, Aromas and Cosmetics - educational and research partnership.
- Swiss Data Science Center (SDSC)minorSwiss national research center for data science - partnership supporting AI development and data science capabilities.
- Formula BotanicaminorOnline cosmetic science school - educational partnership supporting the personal care industry ecosystem.
- The Smell and Taste LabminorSensory research laboratory - partnership supporting sensory aspects of cosmetic formulation.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Covalo competitors and assessment
Company assessmentBroad incumbents
- Ecomundo: Regulatory and environmental compliance SaaS for cosmetics, integrated as a Covalo ecosystem partner. Overlaps directly with Covalo's compliance and data extraction AI agents.
- Sphera: Enterprise product compliance, sustainability, and supply chain data platform — adjacent in product regulatory and ESG data, with overlapping buyer personas in CPG and personal care.
- Trace One (TraceOne): PLM ecosystem partner whose platform aggregates product, supplier and regulatory data for cosmetics/personal care manufacturers — overlapping capability on the data infrastructure side that Covalo is now building toward.
- Salsify: PIM/Product Experience platform for CPG and retail brands — competes for the same 'centralized product data' budget line that Covalo is targeting with its Standard Data Model and Custom Data add-ons.
- Akeneo: Enterprise PIM platform widely used by CPG brands; relevant comparable as Covalo expands its data infrastructure beyond ingredient discovery into broader product data management.
- Stibo Systems: Master data management (MDM) and PIM vendor used by large CPG and retail organizations — comparable on the enterprise data backbone aspiration underlying Covalo's platform.
Direct peers
- Chemberry: Historical direct competitor in personal care ingredient discovery, acquired by Covalo in 2021; previously operated a very similar supplier-brand marketplace model for the same buyer personas.
- UL Solutions (UL Prospector): UL Prospector is an established raw materials and ingredients database serving formulators in personal care, cosmetics and adjacent industries — directly comparable to Covalo's marketplace + data layer for the same buyer.
Emerging players
- Specright: Specification management platform focused on CPG/personal care, providing structured product and ingredient data — adjacent Emerging Player with overlapping product specification use cases.
- RegASK: AI-driven regulatory intelligence platform that automates compliance research across geographies — closely comparable to Covalo's compliance AI agents and data extraction capabilities for the same regulatory pain points.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Covalo social profiles
Digital presenceCovalo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Covalo leadership team
Management profileNumber of profiles
Profiles4 records
Covalo subsidiaries and ownership
Company hierarchySubsidiaries1 record
Covalo funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Covalo M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Covalo
What does Covalo do?
Covalo operates an AI-powered data platform and online marketplace that connects consumer goods brands with ingredient, packaging, and service suppliers to accelerate product development. The platform centralizes supplier product information, regulatory data, certifications, and ESG commitments through an industry-standard data model, and provides AI-driven search, extraction, and recommendation capabilities to help brands discover ingredients faster, ensure regulatory compliance, and reformulate products.
Is Covalo a public or private company?
Covalo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Covalo founded?
Covalo was founded in 2021. It employs 11 to 50 people.
Where is Covalo based?
Covalo is headquartered in Zürich, Switzerland, in the Europe region.
How does Covalo make money?
Two revenue lines are on record. Data Platform Services are the primary driver. The others are marketplace Transactions.
Who are Covalo's main competitors?
Broad incumbents on record are Ecomundo, Sphera, Trace One (TraceOne), Salsify, Akeneo and Stibo Systems. Direct peers are Chemberry and UL Solutions (UL Prospector). Emerging players are Specright and RegASK.
Does Covalo have an API?
No public API is recorded for Covalo.
What industry is Covalo in?
Covalo's product category is Personal Care Industry Data Platform. Its primary akta.pro industry code is CRAFAHAK, Chemicals, Ingredients & Raw Materials Marketplaces.