This startup works with brands like Northface to establish used clothing marketplaces.
, building e-commerce websites and working with logistic providers so the clothing companies buy back used items from customers.
The San Francisco startup recently raised $15 million in a series A round led by Lightspeed Venture Partners with participation from Bain Capital Ventures, Fernbrook Capital, G9 Ventures. Archive has raised a total of $24 million. Customers trading in their gently used clothing to Archive's brand partners typically get 40-60% of the purchase price back depending on the item. Archive then takes a commission from the brand off the resale.
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