Convelio is a technology company.
Convelio simplifies fine art logistics with tailored end-to-end services, including packing, insurance, and customs clearance, ensuring secure transport of artworks worldwide.
Convelio has raised $47.0M across 3 funding rounds.
Convelio has raised $47.0M in total across 3 funding rounds.
Convelio is a Paris-based technology company founded in 2017 that specializes in fine art shipping and logistics solutions. It builds an instant quoting and booking platform, API, and widget to automate end-to-end shipping for artworks, serving galleries, online marketplaces, auction houses, collectors, and museums worldwide.[1][2][3][5] The platform solves the art industry's pain points—high costs (often 50% of artwork value), slow quoting (up to 48 hours), and complex logistics—by providing quotes in under 45 seconds, transparent pricing, real-time tracking, and seamless checkout integration, empowering over 2,500 customers across 100+ destinations with 19 crating centers and offices in Paris, London, and New York.[1][3][4][5] With $44.9M in total funding (including a $35M round), Convelio has shown strong growth, expanding globally and innovating amid surging online art sales post-Covid.[2]
Convelio was founded in 2017 by entrepreneurs from the e-commerce world, frustrated by the art logistics sector's inefficiencies—like waiting 48 hours for quotes and paying exorbitant fees equivalent to 50% of an artwork's value in the "Amazon age."[5] This sparked the creation of a tech-led instant quoting algorithm, launched that year, which remains unique in the industry and quickly gained traction with over 1,600 clients.[1][5] Early momentum built during the Covid-19 pandemic as art businesses digitized, leading to API and widget developments for high-traffic sites; funding milestones included an €9M Series A in 2021 from Acton Capital and Global Founders Capital to fuel US expansion and new segments.[2] The team has grown to 170+ logistics experts and fine art enthusiasts, guided by values like agility, innovation, and sustainability.[3][5]
Convelio rides the wave of digitized art sales, accelerated by Covid, where online platforms surged and buyers demand frictionless experiences like e-commerce giants.[1][5] Its timing capitalizes on market forces: booming global art trade (needing secure, fast shipping to 70+ countries), logistics tech adoption, and sustainability pressures in high-emission sectors like freight.[3][5] By automating the "last mile" of art transactions—previously a barrier to online sales—Convelio influences the ecosystem, enabling galleries and auctions to scale digitally, integrate shipping at checkout, and compete with general e-commerce, while pushing green standards through transparency and net-zero commitments.[1][4][5]
Convelio is poised to dominate fine art logistics as online art markets mature, leveraging its tech stack for deeper integrations and AI-driven optimizations. Upcoming trends like AR/VR viewings and Web3 provenance will amplify demand for its seamless, secure shipping, especially with US growth and potential new verticals beyond art (e.g., luxury goods).[2][4] Its influence may evolve by setting industry benchmarks for speed, sustainability, and API ecosystems, potentially acquiring smaller handlers or expanding to antiques—turning today's frustrations into tomorrow's standard for global art movement. This positions Convelio as the go-to innovator optimizing fine art shipping for a digital-first world.[1][3][5]
Convelio has raised $47.0M in total across 3 funding rounds.
Convelio's investors include Alven, Bain Capital Ventures, Bond, Global Founders Capital, Index Ventures, Acton Capital Partners, Founders Fund, Rethink Ventures, Valar Ventures.
Convelio has raised $47.0M across 3 funding rounds. Most recently, it raised $35.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $35.0M Series B | Alven, Bain Capital Ventures, Bond, Global Founders Capital, Index Ventures | |
| Feb 1, 2020 | $10.0M Series A | Acton Capital Partners, Alven, Bain Capital Ventures, Bond, Founders Fund, Global Founders Capital, Index Ventures, Rethink Ventures, Valar Ventures | |
| Jan 1, 2019 | $2.0M Seed | Alven, Bain Capital Ventures, Bond, Global Founders Capital, Index Ventures |