Covalo, a Swiss personal care ingredient discovery platform, has secured a €3.5 million extension round led by Hi Inov, with participation from HTGF and seed+speed Ventures. This funding will fuel the expansion of their data platform and enterprise offering, including the development of AI-powered tools for workflow automation and regulatory compliance. The company aims to address inefficiencies in product data management, which currently cause delays and hinder responsiveness to market demands.
