Woodline Partners is excited to have participated in Archive's latest $30 million funding round. Archive has established itself as an innovator in the recommerce market, empowering brands to profitably integrate resale into their current offerings. We look forward to supporting Archive as it moves into new categories and leads the industry into its next chapter. Steven Rosenberg Sarah Drinon
We are excited to announce that Archive has raised $30M in Series B funding! The round was led by Energize Capital, with participation from returning investors Lightspeed, Bain Capital Ventures, G9 Ventures, and Capital F, as well as new investors Woodline Partners LP and Frontline Ventures. This raise is a testament to the huge opportunity for branded resale to fundamentally change the business model of consumer brands and how consumers shop. With the resale market expected to double by 2028, more brands will rely on it as a significant and profitable growth channel for their business. This new funding will be used to further develop our resale intelligence software, accelerate global expansion, and invest in new product innovation and services to increase profitability for brands. We are excited to support a growing array of retail categories, including apparel, footwear, accessories, home goods, furniture, toys, electronics and outdoor gear. Read more about what’s next for Archive in TechCrunch: https://lnkd.in/gGkXu5Rd And, we’re hiring across all teams! If you are passionate about changing consumer shopping behavior for the better, check out our open roles at the link in the comments.