How much funding has Digital River raised?

Digital River has raised $50.0M in total funding, most recently a Growth Equity round.

Who are Digital River's investors?

Digital River's investors include Siris Capital.

When was Digital River founded?

Digital River was founded in 1994.

Where is Digital River headquartered?

Digital River is headquartered in Minnetonka, Minnesota, United States.

What industry is Digital River in?

Digital River operates in ecommerce, payments.

How many employees does Digital River have?

Digital River has 51-200 employees.

Digital River

Acquired

Minnetonka, United States · Founded 1994 · $50.0M raised

ecommerce

payments

Headquarters: Minnetonka, Minnesota
Employees: 51–200
Founded: 1994
Business Model: B2B

Website: digitalriver.com
Total Funding: $50.0M
Last Round: $50.0M Growth EquityFeb 2020
Rounds: 1

About

Digital River, Inc. was a privately held global e-commerce, payments, and marketing services company headquartered in Minnetonka, Minnesota. Founded in February 1994 by Joel Ronning, the company went public on Nasdaq (DRIV) in 1998 and grew to process more than $30 billion in online transactions annually by 2013. Digital River provided API-based cross-border commerce, order management, fraud mitigation, tax compliance, and subscription billing services to leading enterprise software and consumer electronics brands worldwide. In late 2014, private equity firm Siris Capital acquired the company for $840 million. On January 28, 2025, Digital River began shutting down due to insolvency, laying off its remaining 122 employees. In May 2025, Digital River filed for Chapter 7 bankruptcy.

Summary

Digital River is an ecommerce company based in Minnetonka, United States, founded in 1994. It has raised $50.0M in total across 1 round, most recently a $50.0M Growth Equity round in Feb 2020. Investors include Siris Capital.