About Covestro
Covestro is a company based in Leverkusen (Germany) founded in 2015 was acquired by XRG in December 2025.. The company has 17,500 employees as of December 31, 2024. Covestro offers products and services including Polymer Materials and Sustainable Solutions.
- Headquarter Leverkusen, Germany
- Employees 17500 as on 31 Dec, 2024
- Stage Public
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Covestro Ag Temp
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Annual Revenue
$14.73 B (USD)-1.38as on Dec 31, 2024
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Net Profit
$-276.35 M (USD)-34.34as on Dec 31, 2024
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EBITDA
$793.72 M (USD)-19.83as on Dec 31, 2024
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Latest Funding Round
$5.1 M (USD), Grant
Oct 01, 2021
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Investors
ADNOC
& 2 more
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Employee Count
17500
as on Dec 31, 2024
- Acquired by
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IPO & Listings of Covestro
Covestro is a publicly listed company on the XETR with ticker symbol 1CO in Germany, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Covestro
Covestro offers a comprehensive portfolio of products and services, including Polymer Materials and Sustainable Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality polymers are manufactured for applications in automotive and construction
Sustainable products are provided to support circular economy and climate neutrality efforts
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Software Development Team
172 people
Sales and Marketing
68 people
Product Management Team
65 people
Leadership Team
36 people
Head Team
32 people
Human Resources and Administration
30 people
Global Team
26 people
Senior Team
23 people
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Funding Insights of Covestro
- Total Funding Total Funding
- Total Rounds 11
- Last Round Grant — $5.1M
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First Round
First Round
(01 Nov 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Grant - Covestro | Valuation |
investors |
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| Oct, 2020 | Amount | Post-IPO - Covestro | Valuation |
investors |
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| May, 2020 | Amount | Grant - Covestro | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Covestro
Covestro has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include ADNOC, European Union and XRG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Provider of natural gas & oil distributor, processing, and refining services
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Covestro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Covestro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Covestro Comparisons
Competitors of Covestro
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Covestro
Frequently Asked Questions about Covestro
When was Covestro founded?
Covestro was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Covestro located?
Covestro is headquartered in Leverkusen, Germany. It is registered at Leverkusen, North Rhine-westphalia, Germany.
How many employees does Covestro have?
As of Dec 31, 2024, the latest employee count at Covestro is 17,500.
What is the annual revenue of Covestro?
Annual revenue of Covestro is $14.73B as on Dec 31, 2024.
What does Covestro do?
The company was founded in 2015 and is headquartered in Leverkusen, Germany. Operations focus on the production of high-performance polymers used in automotive, electronics, and construction sectors. Materials such as polyurethanes and polycarbonates are supplied globally through the covestro.com domain. In 2023, annual revenues reached 17.71 billion, while a net loss of 0.74 billion was recorded amid market challenges.
What products or services does Covestro offer?
Covestro offers Polymer Materials and Sustainable Solutions.
Is Covestro publicly traded?
Yes, Covestro is publicly traded on XETR under the ticker symbol 1CO.
Who are Covestro's investors?
Covestro has 3 investors. Key investors include ADNOC, European Union, and XRG.
What is Covestro's ticker symbol?
The ticker symbol of Covestro is 1CO on XETR.