Databento Raises $100M in Series C Funding Led by Fifth Down Capital

Databento, a Salt Lake City, UT-based provider of a financial market data platform, has raised $100 million in a Series C funding round at a $1.1 billion valuation.

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

The company will use the funds to continue investing in its market data infrastructure and expand its services into additional asset classes.

What is Databento?

Databento provides real-time and historical financial market data to businesses across the financial industry. Its customers include quantitative trading firms, brokerages, asset managers, commodities firms and digital asset companies.

Read More:Tristar AI Raises $12M in Series A Funding Led by Isogon Ventures

The platform provides data across futures, options, equities, and indices through a single API. It manages the process from data sources to delivery allowing customers to access market information through a simpler developer experience.

Databento aims to make financial data easier to access while meeting the performance and reliability requirements of professional trading firms.

How Much Funding Has Databento Raised?

Databento raised $100 million in its Series C funding round, reaching a valuation of $1.1 billion.

The source did not provide details of the company's previous funding rounds or its total funding raised before this investment.

Who Invested in Databento’s Series C Round?

The Series C round was led by Fifth Down Capital.

Other investors included Fitch Ventures and existing backers NEA, DRW Venture Capital, Tribe Capital, and Hedosophia.

Why the Funding Matters

Financial firms rely on accurate and timely market data to support trading, investment decisions, and market analysis. As demand for financial information grows across traditional markets, and digital assets, data infrastructure has become increasingly important.

Databento plan's to use the new capital to strengthen its existing infrastructure and add support for more asset classes. This will help the company expand the range of market data available through its platform.

Who founded Databento?

Databento was founded in 2019 by Christina Qi. The company is based in Salt Lake City, Utah.

"In this AI era, we're seeing remarkably small teams build billion-dollar companies, but that level of efficiency is unprecedented in the market data industry," said Christina Qi, co-founder and CEO of Databento. "Until now, reaching this milestone required hundreds of employees given the sheer scale of physical infrastructure involved.

Market and Business Growth

Databento serves quantitative trading firms, brokerages, asset managers commodities businesses, and digital asset companies.

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

Databento had 39 employees when it closed its Series C round and reached a $1.1 billion valuation.

What Happens Next?

Databento plans to continue developing its market data infrastructure and expand into additional asset classes.

The company will focus on supporting financial firms and AI companies with real time and historical market data through its unified API.

Read More:Duet Raises $15M in Series A Funding Led by Kairos