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.