The round is led by Lightspeed Venture Partners with participation from Bain Capital Ventures, Fernbrook Capital, G9 Ventures, and several minority investors, and brings Archive's total funding to over $24 million. In addition to the raise, Alex Taussig, Partner at Lightspeed, will join the company's Board of Directors.

Launched in February 2021 by co-founders Emily Gittins (CEO) and Ryan Rowe (CTO), Archive is a resale technology company that builds highly differentiated resale software for brands. The comprehensive tech allows brands to easily incorporate resale into their business to increase customer loyalty and drive new revenue without increasing production. Archive currently powers resale programs for leading fashion and apparel brands including The North Face, Sandro, Marimekko, M.M.LaFleur, Filippa K., Djerf Avenue, Pas Normal, Dagne Dover, Oscar de la Renta, Cuyana, and more.