# Covalo funding: rounds and investors

> Covalo has raised $5.3M across 2 rounds since 2023. Investors include SICTIC. Every round with its source.

Source: https://millionrounds.com/company/covalo (Millionrounds; every figure on the page links to its filing or article)

Switzerland · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Covalo*

2 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$5.3M** raised across 2 rounds since 2023, from 2 sources

**$1.3M** Seed **$4.0M** Seed

- **Latest round:** Seed, $4.0M Apr 2026
- **Step-up i:** 3.1×
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025 2026

**$1.3M** Seed

**$4.0M** Seed

- **First round:** Seed, $1.3M
- **Biggest round:** $4.0M
- **Between rounds:** 3.1 years

## The rounds

- **Apr 2026** Seed **$4.0M** *1 returning* [SICTIC](https://millionrounds.com/fund/sictic) Source recorded
- **Mar 2023** Seed **$1.3M** *1 new* [SICTIC](https://millionrounds.com/fund/sictic) Source recorded

## Everyone who backed them

[SICTIC](https://millionrounds.com/fund/sictic) Angel network **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=covalo).

## Also claim to have backed them

These 2 firms list Covalo as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Startup INVEST](https://millionrounds.com/fund/startup-invest-2) Angel network Per its own site

[Gekko Capital Partners](https://millionrounds.com/fund/gekko-capital-partners) Corporate VC Per its own site

## Quick answers about Covalo

### Who invested in Covalo?

Covalo's investors include SICTIC.

### How much has Covalo raised?

Covalo has raised $5.3M across 2 rounds since 2023.

### When did Covalo last raise?

Covalo's most recent round was a Seed of $4.0M in Apr 2026.

### What was Covalo's biggest round?

Its most recent round, $4.0M in Apr 2026, is also its largest on record.

### Who backed Covalo first?

Covalo's first round on record, in Mar 2023, was backed by SICTIC.

### What stage is Covalo at?

Covalo's latest named round is a Seed, in Apr 2026.

### Where is Covalo based?

Covalo is based in Switzerland.

## Companies like Covalo

In the same sector, and raised in the last eighteen months.

[**UniSieve** $9.0M · Oct 2026](https://millionrounds.com/company/unisieve)[**SurfAce Cleantech** $307K · Sept 2026](https://millionrounds.com/company/surface-cleantech)[**Treeless** $1.5M · Jul 2026](https://millionrounds.com/company/treeless)[**DePoly** $23M · Feb 2026](https://millionrounds.com/company/depoly)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app