About Orbit Commerce
Orbit Commerce is a company based in Chicago (United States) founded in 1998 was acquired by Digital River in October 2001.. Orbit Commerce has raised $8.8 million across 1 funding round from investors including Digital River, Collins and Svoboda Capital. Orbit Commerce operates in a competitive market with competitors including Coupang, Shiprocket, Shippo, ShipBob and Digimarc, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.8 M (USD)
in 1 rounds
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Latest Funding Round
$8.8 M (USD), Series A
Oct 15, 1999
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Investors
Digital River
& 6 more
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Employee Count
Employee Count
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Acquired by
Digital River
(Oct 01, 2001)
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Funding Insights of Orbit Commerce
Orbit Commerce has successfully raised a total of $8.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.8 million completed in October 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $8.8M
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First Round
First Round
(15 Oct 1999)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 1999 | Amount | Series A - Orbit Commerce | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Orbit Commerce
Orbit Commerce has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Digital River, Collins and Svoboda Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm investing in business services sectors with a focus on growth companies.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused VC firm investing in early stage startups in the US
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Founded Year | Domain | Location | |
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US focused early-stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Orbit Commerce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Orbit Commerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Orbit Commerce Comparisons
Competitors of Orbit Commerce
Orbit Commerce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupang, Shiprocket, Shippo, ShipBob and Digimarc, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
Anti-counterfeiting barcode solutions are supplied to brands and retailers.
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| domain | founded_year | HQ Location |
Farm products are distributed via an online marketplace to vendors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Orbit Commerce
When was Orbit Commerce founded?
Orbit Commerce was founded in 1998 and raised its 1st funding round 1 year after it was founded.
Where is Orbit Commerce located?
Orbit Commerce is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Orbit Commerce a funded company?
Orbit Commerce is a funded company, having raised a total of $8.8M across 1 funding round to date. The company's 1st funding round was a Series A of $8.8M, raised on Oct 15, 1999.
What does Orbit Commerce do?
Orbit Commerce was founded in 1998 in Chicago, United States, focusing on the e-commerce sector for small businesses. Online storefronts, website services, traffic generation strategies, order management, and payment processing are provided to clients. Services are promoted via partnerships with entities such as LookSmart, ProdigyBiz, InfoUSA, and Cincinnati Bell. A collaboration with ZapShip for outdoor products was maintained until acquisition by Digital River in 2001 from Alpine Meridian.
Who are the top competitors of Orbit Commerce?
Orbit Commerce's top competitors include Coupang, Shiprocket and Shippo.
Who are Orbit Commerce's investors?
Orbit Commerce has 7 investors. Key investors include Digital River, Collins, Svoboda Capital, KB Partners, and Village of Northbrook.