Total amount raised
$54.3 Millions
Latest funding date
Location
Archive has successfully raised $30 million in its latest Series B funding round, with notable investors including Bain Capital Ventures and Lightspeed Venture Partners. The company is dedicated to building innovative and scalable resale businesses for global brands, aiming to boost profits and cut waste through secondhand sales.
Keep reading to explore the intricacies of Archive's fundraising journey and the investors backing this innovative platform.
What Is Archive?
Archive, founded on February 12, 2021, is a technology company based in Los Altos, California. The company specializes in the fashion, marketplace, and retail industries, focusing on building innovative and scalable resale businesses for global brands.
Founded by Emily Gittins and Ryan Rowe, Archive employs between 51-100 people. The company partners with brands to create bespoke resale experiences, helping them manage their secondhand markets while promoting sustainability and customer loyalty.
How Much Funding Has Archive Raised?
- Pre-Seed Round
- Amount Raised: $1.3M
- Date: January 2022
- Lead Investors: Bain Capital Ventures, FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and develop initial technology.
- Seed Round
- Amount Raised: $8M
- Date: January 2022
- Lead Investors: Bain Capital Ventures, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $15M
- Date: December 2022
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series B
- Amount Raised: $30M
- Date: February 2025
- Lead Investors: Energize Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and develop resale intelligence software.
Total Amount Raised: $54.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Energize Capital
- Details: Energize Capital led the Series B funding round for Archive. They focus on investing in companies driving the transition to a more sustainable and cleaner energy future.
- Investment Focus Areas: Technology, sustainability, clean energy.
- Notable Investments: Not publicly disclosed.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a returning investor in Archive. They typically invest in enterprise, consumer, and health sectors.
- Investment Focus Areas: Enterprise, consumer, health, technology, innovation.
- Notable Investments: Snapchat, Affirm, MuleSoft.
- Bain Capital Ventures
- Details: Bain Capital Ventures is another returning investor in Archive. They focus on technology companies across various stages.
- Investment Focus Areas: Technology, healthcare, financial services, enterprise software, infrastructure software, fintech.
- Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
- G9 Ventures
- Details: G9 Ventures is a returning investor in Archive. They focus on early-stage investments in technology-driven companies.
- Investment Focus Areas: Early-stage technology-driven companies.
- Notable Investments: Not publicly disclosed.
- Woodline Partners
- Details: Woodline Partners is a new investor in Archive. Their specific focus areas are not explicitly mentioned.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Archive?
Archive is poised to capitalize on the booming secondhand market, which is projected to grow significantly in the coming years. With the secondhand apparel market expected to reach nearly $350 billion by 2028, the company has ample opportunity to expand its global footprint and enhance its resale intelligence software. This growth is further supported by increasing consumer demand for sustainable shopping options and supportive legislation for eco-friendly fashion practices.
Future fundraising opportunities are likely as Archive continues to innovate and scale its operations. The company may attract additional investment to further develop its technology and expand its market reach. However, challenges such as managing global logistics, staying ahead of competitors, and ensuring the quality of secondhand items will need to be addressed to maintain its competitive edge.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Archive and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
