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.
FinSMEs
04/02/2020
