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- Databento
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Series B | New Enterprise Associates (lead); Redpoint; DRW Venture Capital; Tribe Capital | $97M | Databento 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 2024 | Series A | Clear Street; Network.VC; Main Set; Belvedere Trading, LLC; Lightscape Partners | $10M | Databento 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 2021 | Series A | Redpoint; Good Growth Capital; Trousdale Ventures; Greycroft; Tribe Capital; Alumni Ventures; Unusual Ventures; Indicator Ventures | $24M | Databento 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 2021 | Seed | Unusual Ventures (lead); Good Growth Capital; Taihill Venture; Blue Moon; Indicator Ventures; Bossa Invest | $4M | Databento 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 2019 | Pre-seed | Indicator 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2019 | ||
| 3 | Lead | Oct 2019 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 18 Databento investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDatabento Competitors
Databento competitors include listed companies like Wolters Kluwer and Shanghai DZH, and private ones like Branch, Qontigo, Capitolis and 9fin.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.1B | $2.5B | $18B | 3.1x | ||
| Private | - | - | $4B | - | ||
| Private | - | - | $3.5B | - | ||
| Publicly listed | $123M | ($545K) | $2.4B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $13B | $6.6B | 8.2x | 9.7x | 15.8x | 14.4x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $13B | $5.9B | 5.5x | 5.4x | 11.6x | 10.6x | |||
This data is available for Pro users. Sign up to see all Databento competitors and their valuation data. Start Free Trial | ||||||||
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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