Covestro logo — We supply material solutions for the great challenges of our...

Covestro

We supply material solutions for the great challenges of our time. Follow us on our journey to becoming #FullyCircular.

Founded 2015 Germany Leverkusen, Germany 10277 employees Post-IPO Secondary Total: $1.00B Industrial, Manufacturing

General Information

Company Name Covestro
Founded Year 2015
Location Germany Leverkusen, Germany
Employees 10277
Industries Industrial, Manufacturing
Funding Stage Post-IPO Secondary
Business Model B2B, D2C
Revenue Model Product Sales, Licensing

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

In The News Sep 11, 2026

Featured on Thenextweb: The UAE plans to invest €40bn in Germany, including 1GW of data centres

About Covestro

Covestro, founded in 2015 and headquartered in Germany, is a key player in the industrial and manufacturing sectors, particularly renowned for its high-quality polymer materials. The company’s products are pivotal in enhancing sustainability across diverse industries, including mobility, construction, electronics, and even leisure and cosmetics.

With a clear commitment to sustainability, Covestro's aim to be fully circular and climate neutral by 2035 underscores its forward-thinking strategy. Notably, the firm achieved significant fiscal success with sales totaling EUR 14.4 billion in 2023 and operates a robust global production network with 48 sites.

The company's last major financial milestone was a substantial €1.00 billion post-IPO secondary investment made on 29 September 2017, indicating strong market confidence. Employing approximately 17,500 people globally, Covestro stands as a well-established enterprise poised for continued growth in sustainably-driven markets.

Taxonomy: Circular Economy, Climate Neutrality, Polymer Materials, Sustainable Solutions, Innovative Products, Mobility Industry, Building and Living, Electrical and Electronics, Sports and Leisure, Health and Cosmetics, Renewable Energies, Energy-efficient Transportation, Sustainable Housing, Alternative Resources, Resource Depletion Solutions

Services & Products

High-quality polymer materials production
Research and development of sustainable materials
Innovation in material science
Digitalization of material processes and solutions
Cross-industry collaborations for circular economy

Target Customers

Automotive industry Healthcare providers Energy sector Construction and architectural firms Electronics and IT appliance manufacturers Marine and shipping industries Packaging and printing companies Sports and leisure industry Security and protection services

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Secondary €1.00B -
29 Sep 2017

Covestro Alternatives & Competitors

Covestro vs
Miba Group
Miba Group Austria

Technologies for a cleaner planet

1521 employees
Industrial, Manufacturing
Covestro vs
ALKEGEN
ALKEGEN United States

Helping the world breathe easier, live greener, & go further than ever before.

Debt Financing
2520 employees
Industrial, Manufacturing

FAQ About Covestro

We supply material solutions for the great challenges of our time. Follow us on our journey to becoming #FullyCircular.
Covestro was founded in 2015.
Covestro is headquartered in Leverkusen, Germany.
Covestro operates in Industrial and Manufacturing. Its work centres on Circular Economy, Climate Neutrality, Polymer Materials and Sustainable Solutions. Its customers include Automotive industry, Healthcare providers and Energy sector.
Covestro has a B2B and D2C business model. Its revenue comes from Product Sales and Licensing.
Covestro has approximately 10277 employees.
Covestro has completed 1 funding round, raising a total of $1.00B. The latest funding stage is Post-IPO Secondary.
Covestro offers: High-quality polymer materials production, Research and development of sustainable materials, Innovation in material science, Digitalization of material processes and solutions, Cross-industry collaborations for circular economy.
Top alternatives and competitors to Covestro include Miba Group, ALKEGEN. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Covestro and Miba Group are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Covestro, https://bouncewatch.com/company/covestro, updated 4 January 2026. When citing, please name BounceWatch and link this page.

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