Convelio raises Series B for fine art transport solutions

Convelio, which provides door-to-door shipping solutions for fine art, including insurance, has raised $35m in Series B funding.

The round saw participation from the European Investment Fund and from two backers, both of which are from the technology sector: Forestay, a UK and Switzerland-based VC fund and venture capital fund, and Mundi Ventures, a Spain-based venture capital firm.

Founded in 2017, Convelio describes itself as a fine art shipping company with a digital approach. Its algorithm considers various parameter such as fragility, dimensions and price to assemble the most appropriate value-chain for each shipment.

The company also provides and insurance offering embedded into the transaction, covering air, sea and road freight transport.

Convelio said it will use the funding to scale its team in the US, invest in its technology and enhance its core product offering.

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