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- Archive Secures $30M Series B to Expand Resale Intelligence Software
Archive Secures $30M Series B to Expand Resale Intelligence Software
Slice of Retail Team
February 06, 2025
Key Highlights:
Archive secures $30 million in Series B funding, bringing total funding to $54 million.
Energize Capital led the round, with participation from Lightspeed Venture Partners, Bain Capital Ventures, and others.
Eileen Waris of Energize Capital joins Archive’s board of directors.
Funding will support global expansion, software development, and new product innovations.
Resale market surging, projected to reach $350 billion by 2028.
Source: Business Wire
Notable Quotes:
“Resale has proven wildly popular with consumers and a significant and profitable growth opportunity for brands, allowing them to drive sales, customer loyalty, and sustainability at the same time.”
“Archive’s software capitalizes on the shift towards sustainability and enables brands to own a bigger slice of the resale pie, all while supporting profitability and sustainability goals.”
Why This Matters:
As consumer demand for secondhand shopping surges, brands are increasingly looking to resale as a strategic growth channel. Archive is at the forefront, helping brands monetize resale markets, drive sustainability, and improve profitability. With this new funding, the company will expand its global footprint and enhance its resale intelligence software, further strengthening its position as a leader in circular commerce.