Convelio, a fine art logistics company started in Paris in 2017 by Edouard Gouin and Clément Ouizille, has closed a Series C funding round. The round was led by a French entrepreneurial family with ties to the global art market. Existing investors Forestay, Mundi Ventures, and Acton Capital also joined in.
This funding comes as Convelio forms a major partnership with Phillips, which reported $927 million in global sales in 2025. Phillips has chosen Convelio as its main logistics partner for shipping, storage, and release services in London, New York, and Hong Kong. With this, Convelio now works with all three of the world’s largest auction houses, including Christie’s and Sotheby’s.
A pitch deck reviewed by TFN shows strong operational results. Since the company started, shipping gross margins have grown from 18% to 34%, and customer acquisition costs have fallen by 83% since 2019. The storage facilities in London and Paris, both opened in the past year, were already profitable before the Series C round.
The broader strategy outlined in the investor pitch is a three-part model: shipping as the foundation, storage as a higher-margin recurring revenue stream, and SaaS as the long-term differentiator. The SaaS offering includes AI inventory management, customs tracking, and workflow tools for gallery registrars and art businesses that have traditionally managed collections using spreadsheets.
“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,” says Gouin.
Every major incumbent that tried to replicate Convelio’s model, including Chenue, Crozier, Dietl, and ESI, either shelved the project or failed to move beyond low-value shipments, leaving Convelio as the only player to combine instant digital quoting with white-glove fine-art handling at scale.
The new funding will help Convelio develop more AI features, expand its SaaS offerings, and open three more storage facilities by 2029, with New York as the main site. In 2025, the United States made up about 44% of global art market sales.
The pitch deck credits this growth to a focus on higher-value clients, greater vertical integration, and a strong storage business that remains steady even when trading slows.
The lead investor’s identity has not been revealed. A French family dynasty leading this technology investment in art logistics shows strong confidence in Convelio’s approach and suggests they believe the market’s infrastructure needs an update.
