Covalo raises €3.5M to become the shared data infrastructure for an industry where 80% of products will need reformulating by 2030

📰 The Next Web AI

Covalo raises €3.5M to become a shared data infrastructure for the personal care industry

intermediate Published 2 Apr 2026
Action Steps
  1. Understand the problem of product reformulation in the personal care industry
  2. Recognize the role of data infrastructure in connecting suppliers and brands
  3. Explore how Covalo's platform can plug into suppliers' PIM systems and brands' R&D workflows
  4. Consider the potential applications of a shared data infrastructure in other industries
Who Needs to Know This

Product managers and data scientists on a team can benefit from understanding Covalo's data infrastructure and its potential to reformulate products, while entrepreneurs and business strategists can learn from the company's evolution and funding

Key Insight

💡 A shared data infrastructure can facilitate collaboration and innovation in industries where product reformulation is necessary

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💡 Covalo raises €3.5M to reformulate the personal care industry's data infrastructure
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