Convelio, a Paris, France-based digital freight forwarder focused on fine-art shipping, closed a €9m Series A funding round.
Acton Capital joined Global Founders Capital in the round, which brought the total amount raised since inception to €11m.
The company intends to use the capital to expand global coverage and explore new segments in logistics market.
Co-founded in September 2017 by Edouard Gouin and Clément Ouizille, Convelio is a digital freight forwarder specialized in the international shipping of high-value and non-palletized goods requiring a complex logistics chain. Pieces shipped range from paintings and sculptures to high-end furniture with values typically ranging from €5,000 to €1,000,000. Its dispatch algorithm considers various parameters such as fragility, dimensions and value to assemble the most appropriate value-chain for each artwork.
The company, which has offices in Paris and London, with plans to open in NYC soon. has empowered over 760 art market businesses so far.