Topics
Latest
AI
Amazon
Image Credits:Courtesy of Archive
Apps
Biotech & Health
clime
Image Credits:Courtesy of Archive
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fund-raise
contrivance
bet on
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
security measure
Social
Space
inauguration
TikTok
Department of Transportation
Venture
More from TechCrunch
event
Startup Battlefield
StrictlyVC
Podcasts
video recording
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
The fashion industry has concerned Emily Gittins since adolescence .
The sphere is , after all , one of the most polluting in the earth . accord to some source , it is responsible for nearly 10 % of theearth ’s CO2emissionsandmore than 20%of all water waste .
Yet people still want more , fast .
“ The way we consume today is hugely elusive , ” Gittins tell TechCrunch .
In 2021 , Gittins team up with Ryan Rowe to establish Archive , a companionship that ply software package to fashion brand and merchants so they can create resale platformstailored to each business’wants and want , include a spot where people can trade used clothes to each other .
challenger let in Trove and Treet , which also make online resale software package for blade to sell used point . Archive says its product is different because it can corroborate ball-shaped brands across various continents .
Archive ’s feature let in sassy pricing and intersection feeds , as well as warehouse management to wield intake , processing , fix , and fulfilment ; it also cater tools to canvas earnings and cost , and allow brands to connect it to their own tools and share data point . Archive already works with more than 50 brands , admit New Balance , The North Face , and Oscar de la Renta , Gittins say .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
There is a monolithic chance in the general used mart , which is expected tohit $ 73 billionby 2028 in the U.S. alone , according to a resale report card by retailer ThreadUp . That share of the style diligence is only expected to increase , as the Guardian reported , especially among young mass and anyone else looking for more eco- and budget - well-disposed option .
That ’s what convinced VCs to invest a $ 30 million Series B , led by Energize Capital . Other investors include Lightspeed Venture Partners , G9 Ventures , and Bain Capital Ventures . Archive has raised $ 54 million in total funding to day of the month . Archive will utilize the new financing to further develop its resale software and more intersection innovation .
Another skillful sign for the clothing resale industriousness isgrowing statute law in a number of statesthat encourages it , like California ’s new Responsible Textile Recovery Act , and well as similar legislating inEurope .
“ We ’ve debunk the concern that resale cannibalise full - monetary value sales , ” Gittins added . “ We ’re in scaling mode with many of our brands and are unrestrained to be launching resale businesses for so many young brand in 2025 . ”
This piece was updated to clarify Bain Capital Ventures indue in Archive .
