Convelio raises €9 million

Convelio , the Paris-based logistics startup specializing in fine art shipping, has raised a €9 million Series A round led by Acton Capital, with support from existing investor Global Founders Capital.

Founded in 2017, Convelio offers a complete, door-to-door solution for those looking to ship fine art with values typically ranging from €5,000 to €1 million. Users start by receiving an instant quote and Convelio can help with packaging and taking care of all the custom processes. Users also have the ability to add insurance up to €500,000 per claim, which is provided by AXA.

“By offering a transparent, state-of-the-art pre-pricing and booking tool, Convelio substantially reduces complexity and time effort for some of the largest auction houses, art galleries and art marketplaces across the globe. Together with its operational excellence and top-quality service, the company created a disruptive solution at better rates for complex, high value goods within the global logistics industry.” – Dominik Alvermann, principal at Acton Capital.

“With this additional funding, we will double down on client acquisition, product development and our global expansion. In 2020, Convelio will open a new office in NYC and start exploring other market segments where our expertise in shipping bulky, valuable and fragile items can be leveraged. Our vision is to become the leading tech-enabled freight-forwarder for specialty goods.” – Convelio cofounders Edouard Gouin and Clément Ouizille.