Databento Raises $100 Million Series C at $1.1 Billion Valuation

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SALT LAKE CITY, Nov. 12, 2026 /PRNewswire/ -- Databento, the market data platform for modern finance, today announced a $100 million Series C financing at a $1.1 billion…

SALT LAKE CITY, Nov. 12, 2026 /PRNewswire/ -- Databento, the market data platform for modern finance, today announced a $100 million Series C financing at a $1.1 billion valuation. The round was led by Fifth Down Capital, an early investor in Databento, with participation from nearly all of the company's existing investors, including NEA, DRW Venture Capital, Tribe Capital, and Hedosophia.

The announcement follows Databento's $97 million Series B earlier this year. Since closing its previous round, the company has more than doubled its revenue while remaining profitable.

Databento serves leading quantitative trading firms, brokerages, asset managers, commodities firms, and digital asset companies. The company has also established a strong presence in artificial intelligence, having signed enterprise contracts with five of the six leading frontier AI labs.

Databento had 39 employees when it closed its Series C, reaching a $1.1 billion valuation with a fraction of the headcount of traditional market data providers.

"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. I'm incredibly proud of what we've accomplished, and we'll continue to prioritize exceptional talent as we grow."

"Fifth Down first invested in Databento pre-revenue, as we recognized early on that the company had an opportunity to challenge the established model for delivering financial market data," said Andrew Spellman, founder and CEO of Fifth Down Capital. "Our confidence has only grown as Databento's traction and execution have demonstrated it can serve demanding institutional customers, sustain rapid growth, and build a profitable business.

The round also included a strategic investment from Fitch Ventures, bringing the…

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