Digital River

Digital River is a global ecommerce enabler for established and fast-growing brands. The company provides global ecommerce, payments and marketing services.

Digital River uses its expertise to fuel and optimize commerce, open doors to new markets and facilitate payments around the world.

Digital River was founded in 1994 by Joel A. Ronning. The company is headquartered in Minnetonka, Minnesota, with offices across the U.S., Asia, Europe and South America.

Digital River has mastered the ins and outs of global ecommerce. Established and fast-growing brands alike rely on our flexible, API-powered solutions to sell direct to their customers, whether they live around the corner or around the world.

Digital River's modular platform, global expertise, and advanced partner ecosystem lets brands focus on creating seamless buyer experiences, while they work behind the scenes to manage orders and fulfilment, process payments, mitigate fraud, and handle taxes and compliance on your behalf. Brands benefit from their unique business model.

 

Digital River has created Onshore Advantage™, which helps brands increase global authorization rates by 10% or more, and reduce cart abandonment by 14%. To further grow revenue, the company uses machine learning to identify when and where to route a transaction for optimal success. 

 

Digital River is backed by Siris Capital Group, LLC, IVP (Institutional Venture Partners) and Earlybird Venture Capital. The company raised $50M in incremental funding on Feb 25, 2020. 

 

 

  • Year founded: 1994
  • Funding Info: $50M over 1 Round (Funding Type: Incremental Funding)
  • Yearly Revenue: $370.5M (2019)
  • Employee Size: 501-1000
  • Business Valuation: NA
  • City/Town: Minnetonka
  • State: Minnesota
  • Country: United States
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