Two Boxes Raises $3.2 Million to Scale AI-Driven Returns Management Platform

According to a recent LinkedIn post from Two Boxes, the company has secured $3.2 million in new funding led by Assembly Ventures, with continued participation from Peterson Ventures and Matchstick Ventures. The post highlights that over the past four years, Two Boxes has focused on helping third-party logistics providers (3PLs) and brands modernize warehouse returns operations.

The LinkedIn post suggests the business is on track to process more than $1 billion in returns annually, serve dozens of customers globally, and onboard two new 3PLs per month along with one new brand per day. Enterprise demand from clients such as Radial is cited as evidence that returns processing remains a critical and underserved logistics function.

According to comments quoted in the post from co-founder and CEO Kyle Bertin, the fresh capital is described as strategic and aimed at better serving enterprise accounts while advancing the product roadmap. Co-founder and CPO Evan Stalter is quoted emphasizing that AI-powered image classification, anomaly detection, and automation are core to the platform rather than add-on features.

For investors, the post implies that Two Boxes is positioning itself as an infrastructure layer for returns management within global logistics networks. The emphasis on AI-driven decision support and fraud reduction suggests a focus on defensibility and operating leverage, which could support higher-margin, scalable growth if customer adoption and retention trends continue.

The reported onboarding pace and projected returns volume point to early traction, though the post does not disclose revenue, profitability, or valuation details. If the company can convert volume growth into recurring, high-value contracts with large 3PLs and brands, its role in the broader e-commerce and logistics ecosystem could strengthen, potentially enhancing its competitive position ahead of future funding or strategic options.