Two Boxes raises $3.2M to expand returns management platform
Two Boxes has raised $3.2 million in new funding to grow its AI-driven returns management platform for logistics providers and brands. Assembly Ventures led the round, with continued backing from Peterson Ventures and Matchstick Ventures.
The company processes more than $1 billion in returns annually and serves dozens of customers globally. Two Boxes is onboarding approximately two new third-party logistics providers per month and one new brand per day.
Enterprise demand signals market opportunity
Co-founder and CEO Kyle Bertin pointed to enterprise interest from clients like Radial as evidence of an underpenetrated market. Returns processing remains a critical bottleneck in modern logistics, yet few platforms address it effectively.
The capital will support enterprise account expansion and product development for complex warehouse environments. Two Boxes embeds AI capabilities directly into its core platform rather than offering them as optional features.
AI built into operations, not bolted on
Co-founder and Chief Product Officer Evan Stalter said the platform uses image classification, anomaly detection, and automation to support warehouse-level decisions, reduce fraud, and improve operational efficiency across returns workflows.
For management teams overseeing logistics operations, this approach matters: AI that's integrated into daily processes tends to drive adoption and measurable results more effectively than standalone tools.
Two Boxes positions itself as infrastructure for returns management within global logistics networks. If the company converts rising returns volume into high-value recurring contracts, it could establish a defensible position in a segment that's growing but remains fragmented.
Learn more about AI for Operations and how automation affects logistics strategy, or explore AI for Management to understand how AI decision support applies to enterprise logistics operations.
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