The round was led by Energize Capital, bringing its total funding to date to $54 million. Other participants included returning investors Lightspeed Venture Partners and Bain Capital Ventures as well as new investors Woodline Partners and Frontline Growth. The company also announced that Eileen Waris, Principal at Energize Capital, will join the Archive board of directors.

Archive is a technology platform that powers innovative and profitable resale programs for more than 50 brands globally, including The North Face, Oscar de la Renta, New Balance, and Dr. Martens. The company's comprehensive circularity platform enables brands to launch and scale resale businesses that keep products out of landfill, while simultaneously unlocking a new revenue stream, building customer loyalty and driving customer acquisition.