21.04.2026 / Start-up News

Deal: Wenger Vieli advised Covalo on its EUR 3.5m seed extension financing round

Wenger Vieli advised Covalo, a Switzerland-based digital platform for sourcing cosmetic ingredients, on all Swiss legal matters in connection with its EUR 3.5 million seed extension financing round. The round was led by Hi Inov with participation from existing investors.

Covalo operates a leading digital marketplace that connects cosmetic ingredient suppliers with brands and manufacturers worldwide. With the new funding, Covalo aims to strengthen its technological offering, expand its global reach and further enhance transparency and efficiency in the cosmetics industry supply chain.

The Wenger Vieli team included Michael Baier (Partner, Corporate/M&A), Dominique Mattmann (Senior Associate, Corporate/Venture Capital) and Dario Schönbächler (Associate, Corporate/Venture Capital).