Two Boxes has raised $3.2 million in new funding to accelerate the growth of its AI-driven returns management platform for third-party logistics providers and brands. The round was led by Assembly Ventures, with continued participation from Peterson Ventures and Matchstick Ventures, underscoring investor confidence in the company’s reverse logistics focus.
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The company reports it is on track to process more than $1 billion in returns annually while serving dozens of customers globally. Two Boxes is currently onboarding about two new 3PLs per month and one new brand per day, signaling strong demand as returns processing remains a critical yet underserved segment of modern logistics.
Co-founder and CEO Kyle Bertin highlighted rising enterprise interest from clients such as Radial as evidence of a large, underpenetrated market opportunity. The new capital is described as strategic, aimed at better serving enterprise accounts and expanding the product roadmap to support more complex warehouse environments.
Co-founder and CPO Evan Stalter emphasized that AI capabilities, including image classification, anomaly detection, and automation, are embedded at the core of the platform rather than offered as add-ons. This approach is designed to enhance decision support at the warehouse level, reduce fraud, and drive operational efficiencies across returns workflows.
For investors and industry observers, the funding and growth metrics position Two Boxes as an emerging infrastructure layer for returns management within global logistics networks. If the company can convert rising returns volume into high-value, recurring contracts, it could strengthen its competitive position and support scalable, higher-margin growth over time.