How much did Covalo raise?

Covalo raised EUR3.5M at Seed, announced 2 April 2026.

Yann Chilvers is CEO & Co-founder of Covalo.

FundedStartupsDaily / Enterprise Software / Covalo

Covalo raises EUR3.5M

Q: What does Covalo do?

Covalo operates in Enterprise Software and is based in Switzerland.

Covalo announced a Seed round of EUR3.5M on 2 April 2026. The company operates in Enterprise Software and is based in Switzerland. It was founded by Yann Chilvers, CEO & Co-founder.

Raised

EUR3.5M

Stage

Seed

Industry

Enterprise Software

Country

Switzerland

Founder

Yann Chilvers

CEO & Co-founder, Covalo

LinkedIn profile covalo.com

Outreach angles

-Yann Chilvers and co-CEO Timo von Bargen both came from Clariant, one of the world's largest specialty chemical companies, giving Covalo a deeply industry-native founding team.
-Covalo's platform engagement jumped 84% in 2025 with 1.3 million monthly interactions and net revenue retention above 145%, reflecting strong enterprise product stickiness.
-The EUR3.5M seed extension from Hi inov and HTGF funds Covalo's pivot from marketplace to becoming the data infrastructure backbone for the personal care industry.