Databento Raises $100M Series C at $1.1B Valuation

Databento, a financial market data provider, has raised $100 million in a Series C funding round at a $1.1 billion valuation, the company said.

The round was led by Fifth Down Capital, with participation from existing investors NEA, DRW Venture Capital, Tribe Capital and Hedosophia. Fitch Ventures joined as a strategic investor.

The Series C follows Databento's $97 million Series B earlier this year. Since that financing, the company said it has more than doubled revenue and remained profitable.

Databento offers real-time and historical market data across futures, options, equities and indices through a unified application programming interface (API). Its clients include quantitative trading firms, brokerages, asset managers, commodities businesses and digital asset companies.

The company has also expanded into artificial intelligence, securing enterprise contracts with five of the six leading frontier AI laboratories.

Databento had 39 employees when it closed the financing round. It plans to use the proceeds to expand its market data infrastructure and extend coverage into additional asset classes.