Fine art logistics scaleup Convelio secures Series C to advance its AI-powered shipping and storage services
Convelio has secured a Series C investment to expand its AI-powered logistics and collections management services for the $60bn international art and antiques market. The investment was led by a prominent French entrepreneurial dynasty with strong ties to the global art market. Existing investors Forestay, Mundi Ventures and Acton Capital participated in the round.
Convelio has also announced plans to extend its fine art storage offering to a third location – New York – after on-the-ground launches in London and Paris, both of which were operating above breakeven after less than a year in operation. Additionally, Convelio has been appointed global logistics provider by Phillips, one of the world’s three largest auction houses.
These developments come after a period of record growth for Convelio, which raised a $35m Series B in 2022. In 2025, the company shipped $1.84 bn of fine art, up 600% from $265m in 2022, despite economic and geopolitical headwinds that reduced the size of the global art market during that period. Convelio’s customer base has also expanded significantly, with buyers of high value fine art (worth $1m or more) becoming the fastest growing segment.
Convelio: marrying traditional art world expectations with modern technology capabilities
Founded in 2017, Convelio is revolutionising an international industry that, despite its size, is under-digitised. Every year, less than 4% of the world’s $1.7 trillion privately held art works are traded. A barrier to more trade is market wide inefficiency. The market continues to be held back by high shipping costs, opaque pricing, limited visibility over stored inventory and the absence of standardised tracking, all within an experience that remains too fragmented and manual for both clients and logistics partners.
To address these longstanding frictions, Convelio combines proprietary algorithms and AI-driven technology with the operational expertise of specialist fine art handlers to deliver a more efficient, transparent and dependable model for shipping and storage. Convelio’s approach is bringing fine art logistics into the 21st century through a superior combination of service quality, care and perceived value.
AI has helped to generate over 16,000 shipping quotes in the past 6 months alone, saving the Convelio operations team a cumulative 384 days of manual work. This has significantly reduced administrative overhead and allowed the team to focus more of their time on higher-value, client-facing work.
Today, 3,000 art businesses globally rely on Convelio for:
- The industry’s first end-to-end shipping platform: instant shipping quotes and booking through a digital platform, allowing customers to manage shipments, documents and real-time tracking in one place
- AI-powered Inventory Management: solving one of the market’s most persistent challenges: giving clients clear, real-time visibility of collections in transit and in storage
- Storage infrastructure: experienced fine art technicians operate specialist storage facilities for clients in London and Paris.
Challenging the arts world’s perception of AI
Edouard Gouin, Co-Founder & CEO of Convelio: ‘The art world has a tricky relationship with AI with participants more inclined to view it as an existential threat than as a potent economically. 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.’
A representative for Convelio’s lead Series C investor: ’In a market known for its lack of innovation, logistics customers have had to accept a tradeoff between specialist human expertise and efficient tech-led operations. Convelio’s ability to blend advanced technology that makes processes simpler and faster to control with expert fine art technicians on the ground stands them apart. The business is showing clear proof that its model works not only at scale, but also for top-end fine art logistics.’
Investment in talent, facilities and scalable AI
Convelio will use this new investment capital to accelerate rollout of its hybrid growth strategy:
- Creating more AI-led technology that customers value: even greater automation to quotations, workflow coordination and operational visibility to reduce manual workload and free up customers’ time to offer better services to their end-clients
- Expanding network of global assets: expanding its on-the-ground teams of experienced technicians to operate specialist art storage facilities; three new facilities will be launched by 2029, including a flagship warehouse in New York, the leading global hub for high-value art transactions. The US accounted for almost half (44%) of global art market sales in 2025.
Gouin: ‘We are proud to welcome to Convelio a family with deep roots in the global art market whose investment allows us to double down on our strategy globally, notably in New York – the centre of the global arts world.’
Fritz Oidtmann, Managing Partner at Acton Capital: ‘At a time when the market has faced strong headwinds, Convelio adapted by deepening its vertical integration and broadening its service offering to deliver even greater value to clients, resulting in significantly stronger economics. This fundraising and the partnership with Phillips are hugely positive outcomes of this well executed strategy. We’re delighted to show Convelio our continuing support with this important investment for growth.’
A major strategic partnership for a new chapter
Phillips, which sells around $1 billion of fine art works annually, has named Convelio its preferred global logistics partner. Convelio now provides tech-driven services to transport fine art (including ultra-high value works worth as much as hundreds of millions of dollars) on behalf of the world’s three largest auction houses.
Leveraging Convelio’s AI-powered technology and operational workflows, Phillips will provide its fine art clients and partners with an integrated post-sale experience spanning shipping, storage and release services across its principal markets of London, New York and Hong Kong. Paul de Bono, COO of Phillips in Europe: ‘For a long time, we have been looking for ways to make our operations teams more efficient while meaningfully improving the client experience. Convelio’s technology gives us a powerful way to do both, combining stronger operational control with high service quality.’
Gouin: ‘Our partnership with Phillips is the result of two years’ investment in building an ecosystem that delivers exponential value to both art businesses and their end clients. We’re grateful to Phillips for the trust they are showing in us. This partnership delivers the strongest signal yet that Convelio is the right logistics partner to art businesses that see the value of investing in both human expertise and AI-led technology if they are to compete and succeed in the modern art economy.’
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