Resale Platform Archive Raises $15 Million in Latest Round

Resale platform Archive has raised $15 million in its Series A funding round, bringing its total funding to over $24 million.


With fresh funding under its belt, the resale platform plans to hire across engineering and brand success teams to drive innovation and meet the increasing demand from brands that are looking to incorporate resale into their businesses. The company will also accelerate upcoming launches across North America and Europe.


Some of the popular brands Archive works with today include Oscar de la Renta, Sandro, and The North Face.


“Resale is a massive online category already and growing three times as fast as new apparel sales,” said Alex Taussig, partner at Lightspeed and Archive board member, who is also expected to take a seat on the company’s board of directors.


"Archive has become the standard of choice for well-known brands from Oscar de la Renta to The North Face, that want to embed resale into their supply chain. Emily, Ryan, and team have quickly built the best-in-class solution to integrate resale across all shopping channels and distribution operations. Lightspeed was fortunate to co-lead Archive's Seed round earlier this year, and we're delighted to deepen our partnership and lead the company's Series A."


The latest investment round was led by Lightspeed Venture Partners and it saw participation from Bain Capital Ventures, Fernbrook Capital, G9 Ventures, and several minority investors.

Full story here