Convelio closes Series C as it becomes Phillips’ lead logistics partner
Convelio, a Paris-founded fine art logistics company, has raised a Series C round as it expands its role in the global auction ecosystem and accelerates development of its software platform.
The 2017 startup was founded by Edouard Gouin and Clément Ouizille. The latest financing was led by an unnamed French entrepreneurial family with ties to the international art market, with existing backers Forestay, Mundi Ventures, and Acton Capital also participating.
Phillips selects Convelio for global hubs
The funding coincides with a major partnership: Phillips has selected Convelio as its primary provider for shipping, storage and release services in London, New York and Hong Kong. Phillips reported $927 million in global sales in 2025. With the appointment, Convelio now works with all three of the largest auction houses, including Christie’s and Sotheby’s, and says it has shipped $1.84 billion worth of art for those clients.
Margins up, costs down, storage profitable
According to an investor pitch deck cited in the report, shipping gross margins increased from 18% to 34% since launch, while customer acquisition costs fell by 83% since 2019. New storage facilities opened in London and Paris within the past year and were already profitable before the Series C close.
Three-part model: shipping, storage, then SaaS
The company’s strategy is built around shipping as the volume engine, storage as a higher-margin recurring revenue stream, and SaaS as the long-term differentiator. Its software roadmap includes AI-enabled inventory management, customs tracking and workflow tools aimed at replacing spreadsheet-based collection management used by galleries and registrars.
“AI’s biggest contribution to art will not be to replace human artistic endeavour… [but] to make the mechanisms of access, circulation and collection management more seamless,” Gouin said.
Expansion plans target the US market
Convelio plans to add more AI features, broaden its SaaS suite and open three additional storage sites by 2029, with New York positioned as the main location. The company pointed to the United States’ roughly 44% share of global art market sales in 2025 as a key growth driver.
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