Databento raises $100 million at a $1.1 billion valuation

Databento has raised $100 million in Series C financing at a $1.1 billion valuation. Fifth Down Capital, an early investor, led the round, and Fitch Ventures joined as a strategic investor.

Follow-on checks came from the existing backers. NEA, DRW Venture Capital, Tribe Capital, Redpoint Ventures, and Hedosophia took part, along with Trousdale Ventures, Cross Creek, Operator Collective, AVG, and TGVP. The company says it was not actively raising, and that customers were asking it to expand faster.

Revenue has more than doubled since the Series B. That earlier round closed this year. The new capital follows a stretch in which the customer list already included quantitative trading firms, brokerages, asset managers, commodities firms, and digital-asset companies.

Five of the six biggest frontier labs are now buyers. Those enterprise contracts arrived over the past year, on top of the institutional finance base. The company describes itself as a market-data provider for AI and agentic workflows.

The valuation arrived with fewer than 40 people on staff. Market data usually takes a much larger staff, because each request sits on physical servers and specialized hardware that run around the clock. Databento has balanced rapid growth, profitability, and operational efficiency.

Nine data-center buildouts are nearly finished. In the last four months the company nearly completed infrastructure at ASX ALC, HKEX, JPX, Aruba IT3, Equinix LD4, Equinix NY3, Equinix ZH4, LSE, and Nasdaq Vasby. That work is the first phase of a global expansion, and the longer aim is the largest commercially available historical market-data archive.