Convelio secures Series C funding to expand AI-powered fine art logistics and storage services
Startup.eu Editorial
Paris based fine art logistics firm Convelio has secured a Series C funding round to accelerate its international expansion and the development of its digital infrastructure. The investment was led by a prominent French entrepreneurial dynasty with significant ties to the international art sector alongside participation from existing investors. Financial terms of the transaction were not disclosed.
Founded in 2017, the company provides a platform that integrates proprietary algorithms and AI driven tools with traditional fine art handling to improve shipping, storage, and inventory management for the art market. Convelio currently supports approximately 3,000 art businesses worldwide and serves as a global logistics provider for the auction house Phillips.
The new capital will support the company as it scales its AI led technology and expands its physical storage footprint. Plans include the launch of additional specialist storage facilities and the opening of a flagship warehouse in New York to serve the North American market.
About Convelio
Convelio is a fine art logistics company that provides shipping, storage, and SaaS tools for the art market, including AI inventory management, customs tracking, and workflow tools for galleries and art businesses.
The investors in Convelio's series-c are: Forestay Capital, Mundi Ventures, Acton Capital.
What type of investment was Convelio's series-c?
Convelio's series-c was a equity investment.
How will Convelio use the funds from its series-c?
Convelio plans to use the funds for: Expand AI-powered logistics and collections management services, Support global growth, Develop AI-led technology, Expand global storage infrastructure, Launch additional specialist storage facilities, Open a flagship warehouse in New York.