Archive Leads Sustainable Resale Revolution with Energize Ventures Backing
Deal News | Feb 04, 2025 | Energize Ventures LLC
Energize Capital has invested $30 million in Archive as part of a Series B funding round, marking its first venture into the circular economy software sector. Archive offers a technology solution for brands to scale resale businesses efficiently, addressing the rising demand for secondhand markets. With existing and new investors like Bain Capital, Lightspeed, and Woodline Partners, Archive is set to expand its global presence and enhance its platform. This investment aligns with Energize's strategy to support asset-light climate solutions that bolster profitability alongside sustainability.
Sectors
- Retail Innovation
- Circular Economy
- SaaS (Software as a Service)
Geography
- United States – Archive is based in the Bay Area, and its solutions are being implemented across multiple U.S.-based brands.
- Europe – Archive is expanding into European markets including the UK, France, and Spain, aiming for a broader geographical presence.
Industry
- Retail Innovation – The retail sector is undergoing a transformation through innovative recommerce models like Archive's, aimed at capturing the growing secondhand market.
- Circular Economy – Energize's investment in Archive signals an interest in businesses that embody circular economy principles, which help reduce environmental impact through sustainable practices.
- SaaS (Software as a Service) – Archive's technology-driven solutions for resale programs represent the application of SaaS in enabling brands to manage and scale recommerce operations efficiently.
Financials
- $30 million – Investment amount led by Energize Ventures in Archive during the Series B funding round.
- $54 million – Total amount raised by Archive, including the latest investment round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Energize Ventures LLC | Investor | Company | A private equity firm leading a $30 million Series B investment in Archive. |
| Archive | Target Company | Company | A technology firm providing software solutions for brands to launch and scale profitable resale programs. |
| Bain Capital | Investor | Company | An existing investor contributing to the Series B funding round for Archive. |
| Lightspeed | Investor | Company | An existing investor participating in Archive's Series B funding round. |
| Woodline Partners | Investor | Company | A new investor joining the Series B funding round for Archive. |
| Frontline Growth | Investor | Company | A new investor participating in Archive's Series B round. |
| Emily Gittins | CEO | Person | Co-founder and CEO of Archive, leading the strategic direction of the company. |
| Ryan Rowe | CTO | Person | Co-founder and CTO of Archive, responsible for the technological advancements of their solutions. |
| Eileen Waris | Board Member | Person | Member of Energize Ventures joining the board of Archive. |
| Katie McClain | Board Observer | Person | From Energize Ventures, joining Archive as a board observer. |