Digital River
AcquiredMinnetonka, United States · Founded 1994 · $50.0M raised
- 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
- Acquisition Date
- Oct 2014
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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 E-Commerce 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.
Funding & Exit History
Feb 2020
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Funding: Growth Equity. Amounts, valuations, and investors where available.
Investors
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