Archive is a San Francisco-based resale tech company that creates customized marketplaces for businesses to include secondhand items into their businesses. It raised $8 million in funding.
Lightspeed Venture Partners and Bain Capital Ventures co-led the round. Firstmark was also involved. Firstmark joined several angels to help with the fundraising, including Alex Bolen, CEO, Oscar de la Renta and Shan Lyn-Ma. Dawn Dobras, Dawn Dobras and Steven Alan, former CEO of Credo Beauty and designer Steven Alan.
The funds will be used by the company to increase its growth through:
- Accelerating the development of custom integrations and adding physical touchpoints on the customer’s journey.
- We offer warehouse solutions to bulk inventory.
- Scaling up engineering and operations teams.
Archive was co-founded by Ryan Rowe and Emily Gittins. It offers brands an “operating system” that allows them to create their own resale experiences in a capital- and resource-efficient way. Each customized resale market allows consumers to buy and sell secondhand items directly from their favorite brand’s website. This allows them to reflect the integrated shopping experience of tomorrow.
The company was launched in February 2021. It has been responsible for resale debuts of fashion brands such as Filippa K., M.M., and Dagne Dover (Almost Vintage). LaFleur (Second Act), The North Face, M.M. (Renewed Marketplace), Filippa K. (Preowned), and, most recently Oscar de la Renta (Encore) luxury fashion house.