Archive Secures $30 Million in Series B Funding

We are excited to announce that Archive has raised $30M in Series B funding. The round was led by Energize Capital, with participation from existing investors Lightspeed Venture Partners, Bain Capital Ventures, G9 Ventures, and Capital F, as well as new investors Woodline Partners LP and Frontline Growth. We are thrilled that Eileen Waris, Principal at Energize Capital, will join Archive’s board of directors.

This raise is a testament to the huge opportunity for branded resale to fundamentally change the business model of consumer brands and how consumers shop. The resale market is expected to double by 2028, growing at a rate that is six times faster than retail overall. As resale takes an increasing share of wallet, more brands will rely on it as a significant and profitable growth channel for their business.

What’s next for Archive

This new funding will be used to further develop our resale intelligence software, accelerate global expansion, and invest in new product innovation and services to increase profitability for brands. 

Global expansion: To date, Archive has helped divert 650k+ lbs of clothing from landfills by powering resale business for more than 50 brands across 10 countries, including the US, Canada, the UK, France, Spain, the Netherlands and several Nordic nations… and we’re just getting started. We plan to expand further across Europe this year as well as into other global regions, and these funds will help us build our infrastructure to support this growth. 

Product innovation: With the resale landscape evolving at a rapid pace, we are continuing to innovate to provide the best user experience for customers, and support a growing number of use cases for our services. We will also be evolving our product to support a wider range of retail categories, including apparel, footwear, accessories, home goods, furniture, toys, electronics, and outdoor gear. We are excited to be launching many of these new categories this year.

Driving profitability for brands: This funding will enable Archive to continue to invest in and build a full-service circularity platform that drives profitability for brands. While we have already proven that resale can be more profitable for our brands than their core business, we will continue to enhance our technology to further increase margin as these businesses scale.

Hiring: To achieve each of these goals, and to support a growing number of brand partners, we are hiring across all teams. You can check out our open roles here.

Our vision for the future of branded resale

Resale has proven wildly popular with consumers and a significant and profitable growth opportunity for brands, allowing them to drive sales, customer loyalty and sustainability at the same time. Our brand partners are setting aggressive revenue targets in the coming years, with executives estimating that resale will account for 10% or more of revenue. We are excited to help brands build and scale this new business model, and thrilled to have the support of such a prestigious group of investors.

“We have been closely tracking trends in resale markets and the circular economy for years. Over the past decade, the retail industry has undergone massive, enduring changes driven by generational shifts in consumer preferences towards more sustainable options,” said Eileen Waris, Principal at Energize Capital and a member of Archive’s board of directors. “Archive’s software capitalizes on this shift and enables brands to own a bigger slice of the resale pie, all while supporting profitability and sustainability goals. We are thrilled to partner with the Archive team and support them through this next phase of growth.”

Interested in joining the Archive team?

‍Join us in our mission to change consumer behavior and reduce overproduction. Check out our career page to see all open roles.