Archive is 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.
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.
“We’re extremely pleased to partner with this prestigious group of investors as we help brands launch and scale resale businesses that strengthen their business. This new investment will allow us to continue to lead through innovation and to add top engineering talent and resale industry experts to our team to support our growing global footprint.” - Emily Gittins & Ryan Rowe
