Convelio

Convelio, a tech-driven fine art logistics company, has raised a Series C funding round led by a prominent French entrepreneurial family, alongside existing investors Forestay, Mundi Ventures, and Acton Capital. The funding aims to enhance its AI-powered logistics and collections management services for the global art market, addressing issues like unclear pricing and fragmented logistics. Convelio serves around 3,000 art businesses and plans to expand its global storage network, including a flagship warehouse in New York.

Convelio, a fine art logistics company based in Paris, has secured a Series C funding round led by a French entrepreneurial family with ties to the global art market. The funding will support the development of AI features and the expansion of its SaaS offerings, addressing the need for improved logistics in the art sector. Convelio has reported strong operational results, including a rise in shipping gross margins and a significant reduction in customer acquisition costs. The company partners with major auction houses, enhancing its market position.