Databento Raises $97M Series B

Databento, a Salt Lake City-based market data platform, has raised $97 million in Series B funding. The company, which provides on-demand access to institutional-grade financial market data, plans to use the capital to support its global expansion and infrastructure development.

Investors

This round was led by New Enterprise Associates (NEA), a venture capital firm with extensive experience in scaling technology companies. Additional participants in the round included DRW Venture Capital, Redpoint Ventures, and Tribe Capital.

Databento Use of Funds

The new capital will be used to broaden Databento's market data coverage across various asset classes and geographies. The company also plans to scale the infrastructure that colocates its servers at financial exchanges to capture data directly from the source, aiming to expand to more than 20 data centers worldwide and increase storage capacity by more than 100 petabytes.

About Databento

Founded in 2023, Databento was co-founded by Christina Qi. The company is dedicated to solving the long-standing bottleneck in financial market data procurement by providing an on-demand, institutional-grade platform built for quantitative trading and high-frequency market making firms.

Funding Details

Company Website: https://databento.com

Company: Databento
Raised: $97M
Round: Series B
Funding Date: July 9, 2026
Lead Investor: New Enterprise Associates
Additional Investors: DRW Venture Capital, Redpoint Ventures, Tribe Capital
Company Website: https://databento.com
Software Category: Fintech
Source: https://www.utahbusiness.com/entrepreneurship/2026/07/09/salt-lake-city-databento-97-million-series-b-led-nea-venture-capital/