Two Boxes September 2024 Seed Funding Round

Two Boxes, a Denver-based logistics company, has successfully secured $5.3 million in an oversubscribed funding round. This round was led by Peterson Ventures, with participation from new investor Assembly Ventures, alongside existing investors Vinyl, Range Ventures, and Matchstick Ventures. This brings the company's total funding to $9.8 million since its founding in 2022.

The company, co-founded by Kyle Bertin and Evan Stalter, focuses on transforming how brands and third-party logistics providers (3PLs) manage returns. Its software solution allows brands and 3PLs to optimize and streamline the returns process by automating key aspects like inspection, prioritization, processing, and tracking. Since launching its product in 2023, Two Boxes has processed over $100 million in returns across more than 120 merchants, including well-known brands such as Caraway, Made In, Tecovas, The Perfect Jean, and Thursday Boot Company. Additionally, it works with over 20 3PLs in North America, including leading logistics firms like Capacity, Flowspace, and GoBolt.

The new funding will support Two Boxes in expanding its engineering and go-to-market teams. It will also help the company grow beyond North America, solidifying its position in the logistics industry. The company is positioned to continue adding new features and integrations to further enhance the returns process for its customers.