Convelio, a technology-enabled fine art logistics and storage company, has secured a Series C investment to expand its AI-powered logistics and collections management services for the global art and antiques market. The round was led by a prominent French entrepreneurial dynasty with strong ties to the international art sector, with participation from existing investors Forestay, Mundi Ventures, and Acton Capital. The financial terms of the investment were not disclosed.
Founded in 2017, Convelio seeks to modernise an industry that remains largely under-digitised despite its scale. The company combines proprietary algorithms and AI-driven technology with the operational expertise of specialist fine art handlers to deliver more efficient and transparent shipping and storage solutions.
Its platform enables end-to-end shipment management, real-time tracking, and AI-powered inventory visibility, addressing longstanding challenges such as opaque pricing, limited oversight of stored collections, and fragmented logistics processes.
Convelio serves around 3,000 art businesses globally and has been appointed a global logistics provider for Phillips, supporting integrated post-sale services across major art markets.
Edouard Gouin, co-founder and CEO of Convelio, commented:
The art world has a tricky relationship with AI, with participants more inclined to view it as an existential threat than as a potent economic ally. For us at Convelio, that distrust is wildly misplaced.
AI’s biggest contribution to art will not be to replace human artistic endeavour with cheap, quick AI-generated alternatives. It will lie in its ability to make the mechanisms of access, circulation and collection management more seamless, for the benefit of a wider community of collectors, art lovers and institutions.
By leveraging AI to automate processes such as quotation generation and workflow coordination, Convelio has reduced administrative overhead and enhanced operational efficiency. These capabilities enable the company to provide a more integrated and transparent logistics experience, supporting the continued evolution of the global art market.
The new funding will support the acceleration of Convelio’s hybrid growth strategy, including further development of its AI-led technology and the expansion of its global storage infrastructure.
The company plans to launch additional specialist storage facilities, including a flagship warehouse in New York, complementing its existing sites in London and Paris, both of which reached operational breakeven within their first year.
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