Two Boxes is a technology company.
Two Boxes has raised $10.0M across 2 funding rounds.
Two Boxes has raised $10.0M in total across 2 funding rounds.
Two Boxes has raised $10.0M in total across 2 funding rounds.
Two Boxes's investors include Flexcap, Founder Collective, M13, Peterson Ventures, Revolution Growth, Vinyl Capital, Ben Jabbawy, Nik Sharma.
Two Boxes is a Denver-based e-commerce startup founded in 2022 that provides a reverse logistics platform to streamline customer returns processing for brands and third-party logistics providers (3PLs).[1][2][3][4] The platform integrates with tools like Shopify and Loop Returns, acting as a system of record for warehouse operations by offering intelligent inspection workflows, digitized standard operating procedures (SOPs), real-time analytics, and data on merchandise condition to speed up inspections, resale readiness, and decision-making.[1][2][3] It serves direct-to-consumer (D2C) brands and 3PLs across the US and Canada, solving the costly, inefficient problem of returns—estimated at over $80 billion post-peak—by maximizing inventory value, reducing labor hours, preventing landfill waste, and providing actionable insights for profitability and sustainability.[2][3][5] Since launch, Two Boxes has partnered with over a dozen 3PLs, processing tens of millions in returned inventory, raised $9.8 million total (including a $4.5-5.3 million seed led by Vinyl Capital), grown to 26 employees, and earned recognitions like The Information’s 50 Most Promising Startups of 2023 and Top 100 Logistics Tech Providers of 2024.[1][2][4][5]
Two Boxes was co-founded in 2022 by CEO Kyle Bertin and CPO Evan Stalter, both former employees at Outrider, a Colorado-based logistics firm specializing in autonomous yard trucks, which gave them deep insights into warehouse and supply chain inefficiencies.[1][3] The idea emerged from identifying a critical gap in returns processing within reverse logistics, where fragmented data and manual inspections led to waste, delays, and lost revenue for e-commerce brands and 3PLs.[2] Emerging from stealth with $4.5 million in seed funding led by Vinyl Capital, the company quickly gained traction by partnering with 3PLs like GoBolt, Rocket Shippers, and Barrett Distribution Centers, processing high volumes of returns and demonstrating impact through labor savings and eco-friendly outcomes.[1][2][3][5]
Two Boxes rides the explosive growth of e-commerce reverse logistics, fueled by rising return rates (up to 30% for apparel) amid omnichannel retail and consumer demands for fast, flexible exchanges, with the post-peak returns market exceeding $80 billion annually.[3][5] Timing is ideal post-2022 e-commerce boom, as brands seek tech to counter returns' 15-20% profit erosion, aligning with supply chain digitization trends like AI-driven analytics and sustainability mandates.[1][2] Market forces favoring Two Boxes include 3PL consolidation, recommerce demand, and integrations with dominant platforms like Shopify, positioning it to influence the ecosystem by standardizing returns tech—much like how Shopify transformed storefronts—empowering high-growth D2C brands and 3PLs to compete with giants like Amazon.[1][3][5]
Two Boxes is poised to dominate returns processing as e-commerce matures, with plans to scale headcount (engineers, sales, customer success), enhance features, and expand partnerships amid a $100B+ reverse logistics opportunity.[1][4] Trends like AI-optimized inspections, zero-waste mandates, and omnichannel recommerce will propel growth, potentially evolving its influence from niche 3PL enabler to industry standard via more integrations and global reach.[2][3][5] As returns shift from burden to asset, Two Boxes exemplifies how targeted tech unlocks e-commerce profitability, building on its stealth-to-$10M trajectory for sustained momentum.
Two Boxes has raised $10.0M across 2 funding rounds. Most recently, it raised $5.0M Series A in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $5.0M Series A | Flexcap, Founder Collective, M13, Peterson Ventures, Revolution Growth, Vinyl Capital, Ben Jabbawy, Nik Sharma | |
| Mar 1, 2023 | $5.0M Seed | Flexcap, Founder Collective, Revolution Growth, Vinyl Capital |