CO-based Two Boxes, the best way for brands and 3PLs to streamline returns and capture critical data from the process, has raised $5.3 million in oversubscribed funding round led by Peterson Ventures more than doubled the company’s valuation and saw participation from new investor Assembly Ventures, alongside renewed support from existing backers Vinyl, Range Ventures, and Matchstick Ventures.
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Since launch in 2022, Two Boxes partnered with over a dozen 3PL customers, empowering them to process tens of millions worth of returned inventory for leading brands across the US and Canada. Its innovative solutions have not only saved countless labor hours but have also prevented thousands of units of inventory from ending up in landfills.
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“Across our portfolio of e-commerce companies, we see firsthand how damaging high return rates can be to a business,” says Taylor Jones, partner at Peterson Ventures. “Two Boxes optimizes what has always been a labor-intensive process while providing data insights that unlock further efficiencies. We are excited to support Two Boxes as they continue to innovate, expand, and become invaluable to the logistics and e-commerce sectors.”
Several solutions address getting an item from a customer’s house back to the warehouse, but Two Boxes uniquely focuses on what happens when the return arrives at the warehouse — a historically complex, manual, and inefficient process. With Two Boxes, brands and 3PLs optimize returns inspection, prioritization, processing, tracking, and a growing list of obstacles.
Recent Two Boxes product innovations empower brands and 3PLs to effectively combat return fraud, a costly issue that is growing in both scale and sophistication. Additionally, by facilitating better returns management and speeding up the timeline in which inventory goes back to stock, Two Boxes makes brands and 3PLs more profitable, supports sustainability efforts, and reduces waste that might otherwise end up in landfills.
“Our mission is to make returns an asset instead of a liability and we’ve never been more excited about our ability to execute against that mission,” says Kyle Bertin, co-founder and CEO Two Boxes. “We are committed to advancing our latest innovations in eliminating fraudulent returns, enabling recommerce, and scaling with rapidly growing brands. We remain dedicated to driving efficiency and sustainability, increasing profits, improving customer experiences, and supporting the growth of our clients—and this new capital will help us to accelerate these efforts at scale.”
About Two Boxes
Founded in 2022 by Kyle Bertin and Evan Stalter, Two Boxes mission is to build the world’s best returns processing solutions in order to maximize the value of e-commerce returns and minimize the negative effects returns impose on our planet, consumers, and businesses.
