Two Boxes, a Denver, CO-based proven logistics solution provider, raised $5.3M in funding.
The round was led by Peterson Ventures with participation from new investor Assembly Ventures, alongside renewed support from existing backers Vinyl, Range Ventures, and Matchstick Ventures.
The company, which has secured $9.8M in total funding, intends to use the funds to grow its engineering and go-to-market teams, as well as expand their geographic footprint beyond North America.
Founded in 2022 by Kyle Bertin and Evan Stalter, Two Boxes offers a way for brands and 3PLs to process returns and capture critical data from the return process, With Two Boxes, brands and 3PLs optimize returns inspection, prioritization, processing, tracking, and a growing list of obstacles.
Since launching their product in 2023, the software has been used to process over $100M in returns for over 120 merchants, including popular brands like Caraway, Made In, Tecovas, The Perfect Jean, and Thursday Boot Company. It currently serves over 20 third-party logistics providers (3PLs) in North America, including industry leaders like Capacity, Flowspace, and GoBolt.