Databento Funding, Investors & Competitors

Databento has raised $139M across 5 funding rounds, most recently a $97M Series B in July 2026.

Last Databento funding round

$97M

Series B · Jul 2026

Cumulative funding Databento raised

$139M

across 5 funding rounds

Key investors in Databento

  • Indicator Ventures
  • Good Growth Capital
  • Redpoint
  • Tribe Capital
  • Unusual Ventures
  • Alumni Ventures
  • New Enterprise Associates
  • Bossa Invest

Databento Overview

About Databento

Databento is a financial market data provider offering low-latency access to live exchange feeds and historical datasets. Servers colocated at venues like CME, ICE, and Nasdaq capture tick-level trades and quotes. Chicago-headquartered since 2020, the self-service platform supports APIs in Python, C++, and Rust for quants and traders. Users access terabytes of normalized data with flexible pay-per-use pricing. Databento serves hedge funds and prop trading firms globally.


Founded

2019

HQ

United StatesSalt Lake City, UT

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Databento Funding History

Databento has raised a total of $139M across 5 funding rounds.

Databento's first fundraising round was a $3M pre-seed round in October 2019. The most recent completed round was a $97M Series B in July 2026.

Databento funding rounds

Databento funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2026Series BNew Enterprise Associates (lead); Redpoint; DRW Venture Capital; Tribe Capital$97MDatabento raised $97 million in a Series B venture equity round on July 9, 2026, led by New Enterprise Associates (NEA) with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The round was significantly oversubscribed, attracting over $300 million in investor demand, and brings Databento's total disclosed funding to $127 million. DRW Venture Capital, which invests on behalf of proprietary trading firm DRW Holdings LLC, is an early investor in Databento and participated alongside other existing backers. The company, headquartered in Salt Lake City, Utah, operates a modern market data platform for finance, providing developer libraries that shorten the path from idea to production for trading and research workflows. Databento intends to use the funds to broaden data coverage across asset classes, expand internationally, and scale its infrastructure. The company reached profitability prior to this raise, allowing it to approach the funding selectively.
Mar 2024Series AClear Street; Network.VC; Main Set; Belvedere Trading, LLC; Lightscape Partners$10MDatabento provides high-fidelity financial market data through developer-friendly APIs and a no-code platform, serving trading firms, hedge funds, and AI-driven companies with real-time and historical data from over 45 exchanges. The company raised $10 million in additional Series A funding on October 30, 2024, from investors including Belvedere Trading, Clear Street, Lightscape Partners, Main Set, and Network.VC, bringing the total Series A to $30 million. Funds support global expansion, new feature rollouts, extended data history, European market coverage, global indices, and flexible pricing plans. In the year of the funding, Databento achieved a 985% revenue surge and added over 7,000 new customers. The platform emphasizes low-latency data capture from exchange colocation facilities in formats like L1, L2, and L3 with nanosecond timestamps.
Nov 2021Series ARedpoint; Good Growth Capital; Trousdale Ventures; Greycroft; Tribe Capital; Alumni Ventures; Unusual Ventures; Indicator Ventures$24MDatabento is a financial data provider offering real-time and historical market data APIs for equities, futures, options, and more, with a pay-as-you-go model that eliminates upfront costs and provides access to data from over 45 exchanges via servers in trading venue colocation facilities. The company, founded in 2019 and headquartered in Salt Lake City or Boston, targets finance and fintech institutions with developer-friendly APIs and no-code platforms. The target Series A round around 11/12/2021 involved investors including Alumni Ventures, Good Growth Capital, Greycroft, Indicator Ventures, Redpoint, Tribe Capital, Trousdale Ventures, and Unusual Ventures. Subsequent rounds include a 12/19/2022 Series A - II and 10/30/2024 Series A - III for $10M (bringing total Series A to $30M), with total funding reaching $33.4M-$41.8M across six rounds. Recent traction shows 985% revenue surge and 7,000 new customers in 2024, 4.2x GAAP revenue growth in the past year to 2025, and customers representing hundreds of billions in AUM.
Mar 2021SeedUnusual Ventures (lead); Good Growth Capital; Taihill Venture; Blue Moon; Indicator Ventures; Bossa Invest$4MDatabento is a financial data company providing a la carte market datasets and infrastructure at lower costs, targeting professionals and firms with real-time feeds and reference data. The company, founded in 2019 and based in Salt Lake City, UT, focuses on high-fidelity market data via developer-friendly APIs for trading firms, hedge funds, and AI-driven companies. In March 2021, Databento raised funding from investors including Blue Moon, Bossa Invest, Good Growth Capital, Indicator Ventures, Taihill Venture, and lead investor Unusual Ventures. Later developments include additional Series A funding totaling $30M by October 2024, with $10M raised that month from Belvedere Trading, Clear Street, Lightscape Partners, and others, amid rapid growth.
Oct 2019Pre-seedIndicator Ventures (lead); Good Growth Capital$3M-

Who has invested in Databento?

18 investors have backed Databento across its funding rounds, including Indicator Ventures, Good Growth Capital, Redpoint, Tribe Capital, Unusual Ventures and Alumni Ventures.

Lead investors include New Enterprise Associates, Unusual Ventures and Indicator Ventures.


Databento Investors

Investors in Databento by funding rounds participated
InvestorHQRoundsRoleFirst check
Good Growth CapitalUnited StatesCharleston, SC3ParticipantOct 2019
Indicator VenturesUnited StatesNew York City, NY3LeadOct 2019
RedpointUnited StatesSan Francisco, CA2ParticipantNov 2021
Tribe CapitalUnited StatesSan Francisco, CA2ParticipantNov 2021
Unusual VenturesUnited StatesSan Francisco, CA2LeadMar 2021
Clear StreetUnited StatesNew York City, NY1ParticipantMar 2024
Taihill VentureUnited StatesBoston, MA1ParticipantMar 2021
Network.VCUnited StatesSan Francisco, CA1ParticipantMar 2024
Trousdale VenturesUnited StatesLos Angeles, CA1ParticipantNov 2021
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadJul 2026
GreycroftUnited StatesNew York City, NY1ParticipantNov 2021
DRW Venture CapitalUnited StatesChicago, IL1ParticipantJul 2026
Alumni VenturesUnited StatesUnited States1ParticipantNov 2021

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Databento Competitors

Databento competitors include listed companies like Wolters Kluwer and Shanghai DZH, and private ones like Branch, Qontigo, Capitolis and 9fin.

Public and private companies comparable to Databento
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wolters KluwerNetherlandsNetherlandsPublicly listed$7.1B$2.5B$18B3.1x
BranchUnited StatesSan Francisco, CAPrivate--$4B-
QontigoGermanyEschbornPrivate--$3.5B-
Shanghai DZHChinaChinaPublicly listed$123M($545K)$2.4B-
CapitolisUnited StatesUnited StatesPrivate--$1.6B-
9finUnited KingdomUnited KingdomPrivate--$1.3B-

Databento Public Comps

Databento is still privately-owned, but its public comps include Palantir, ServiceNow, S&P Global, Intercontinental Exchange, Datadog, Moody's, RELX, London Stock Exchange Group, Strategy and Nasdaq.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Intercontinental Exchange$13B$6.6B8.2x9.7x15.8x14.4x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
London Stock Exchange Group$13B$5.9B5.5x5.4x11.6x10.6x

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Common questions about Databento

When was Databento founded?Databento was founded in 2019.
Where is Databento headquartered?Databento is headquartered in Salt Lake City, UT, United States.
Is Databento publicly listed?No, Databento is a private, VC-backed company.
How much funding has Databento raised?Databento has raised $139M across 5 funding rounds.
What was Databento's last funding round?Databento's last funding round was a $97M Series B in July 2026, led by New Enterprise Associates.
Who are Databento's investors?Databento's investors include Good Growth Capital, Indicator Ventures, Redpoint, Tribe Capital, Unusual Ventures, Clear Street, Taihill Venture, Network.VC, Trousdale Ventures, New Enterprise Associates and 8 others.
Which companies are comparable to Databento?Companies comparable to Databento include Wolters Kluwer, Branch, Qontigo, Shanghai DZH, Capitolis and 9fin.

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