Convelio Secures Series C to Automate Fine Art Logistics Globally
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Paris- and London-based Convelio has closed a Series C funding round to accelerate the automation of global fine art logistics and expand its storage footprint into the United States. The company, which has shipped an estimated $1.84 billion of art for major auction houses including Sotheby’s, Christie’s and Phillips, intends to use the capital to deepen its AI-driven operations platform and open a flagship warehouse in New York.
The round is led by a prominent French entrepreneurial family, with participation from existing backers Forestay, Mundi Ventures and Acton Capital. Terms have not been publicly disclosed.
Founded in 2017 by chief executive Edouard Gouin and Clément Ouizille, Convelio set out to modernise a sector long dominated by legacy freight forwarders and bespoke, manual processes. Its proprietary algorithms generate instant quotes for the transport of paintings, sculptures and other high-value objects, while its in-house operations team manages packing, shipping, customs and installation. The company now serves around 3,000 art businesses worldwide.
Building the software layer for the art market
The global art market moves tens of billions of euros of objects each year, yet logistics remains one of its least digitised functions. Quotes are frequently produced by hand, condition reports live in email threads, and transport coordination happens across dozens of specialist carriers. Convelio’s pitch — and the thesis behind its Series C — is that this fragmentation can be resolved through a single software and operations stack.
The company recently became the primary global logistics provider for Phillips, covering shipping, storage and release services in London, New York and Hong Kong. Phillips reported $927 million in global sales in 2025, making the partnership one of the most significant operational mandates awarded in the sector in recent years.
According to chief executive Edouard Gouin, the Series C will help Convelio scale storage infrastructure, invest in automation across operations and serve clients with the same precision at global scale as it does locally.
Why New York matters
Convelio’s planned New York flagship warehouse is a strategic rather than incidental investment. The United States remains the single largest art market, and storage alongside fulfilment services carries significantly higher margins than pure transport. By anchoring a hub in Manhattan or the surrounding boroughs, Convelio positions itself to serve auction houses, galleries and private collectors with release-on-demand services — a capability previously concentrated among a small number of legacy operators.
The company also plans to continue investing in its AI-powered collections management product, which helps institutional clients track provenance, condition and location across distributed holdings.
A familiar cap table with a new anchor
Forestay, Mundi Ventures and Acton Capital have all backed Convelio through previous rounds, including its €30 million Series B in 2022. The introduction of a French entrepreneurial family office as lead investor signals a shift toward longer-horizon capital — a pattern increasingly common among European scale-ups seeking to avoid premature exit pressure.
European competitors in adjacent categories include Gander and ArtHaus, while US-listed Cadogan Tate remains a dominant legacy provider. Convelio’s positioning — software-first, vertically integrated, global — gives it room to differentiate even as the sector consolidates.
What comes next
Beyond the New York expansion, Convelio is expected to continue hiring in engineering and operations, with particular focus on automation of condition reporting, computer-vision-based damage detection and integration with auction house bidding platforms.
For a company that began life as a marketplace connecting galleries with art shippers, the evolution into a software-and-services platform for global fine art logistics reflects a broader pattern in European vertical SaaS: starting with a narrow workflow and growing into the infrastructure layer of an entire industry.
For more on European fundraising and scale-up stories, visit our fundraising hub. You can also read our recent coverage of Kelluu’s €15M Series A.
