Archive, a San Francisco, CA-based resale technology company that builds customized marketplaces for brands to incorporate secondhand into their business, raised $8m in funding.
The round, which brought total funding to nearly $10m, was co-led by Lightspeed Venture Partners and Bain Capital Ventures with participation from Firstmark and several angels including industry leaders Alex Bolen, CEO of Oscar de la Renta, Shan Lyn-Ma, Co-founder of Zola, Dawn Dobras, former CEO of Credo Beauty, designer Steven Alan, and Marigay McKee, former President of Saks Fifth Avenue.
The company intends to use the funds to accelerate growth by:
- accelerating the development of new custom integrations, adding physical touchpoints to the customer’s journey,
- providing warehouse solutions for bulk inventory, and
- scaling the engineering and operations teams.
Co-founded by Emily Gittins and Ryan Rowe, Archive offers a complete “operating system” for brands to power their own resale experience in a resource and capital-light way. Through each customized resale marketplace, consumers can buy and sell secondhand styles directly from their favorite brand’s e-commerce site alongside new inventory – reflecting the integrated shopping experience of the future.
Since its launch in February 2021, the company has powered the resale debuts for fashion brands including Dagne Dover (Almost Vintage), Filippa K. (Preowned), M.M. LaFleur (Second Act), The North Face (Renewed Marketplace), and most recently, luxury fashion house Oscar de la Renta (Encore).