Databento
Summary active Updated Jul 9, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Databento is a Salt Lake City–based market data platform that provides institutional-grade financial data on demand to trading firms 1. The company writes its own feed handlers for more than 70 exchanges and colocates servers at exchanges to capture data directly from the source 2. Databento serves over 3,000 firms and says revenue grew 6.65x year over year, with enterprise retention above 97% since inception 2. The company reports it has been profitable every month while operating with 24 employees 3.
CEO Christina Qi previously ran a hedge fund trading $7 billion a day before founding Databento with the goal of unbundling and modernizing the market data stack that has historically been dominated by Bloomberg and LSEG 3.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-09 | Series B | $97M | NEA | DRW Venture Capital, Redpoint Ventures, Tribe Capital 12 |
The Series B round was oversubscribed threefold, drawing more than $300M in investor interest 2. Total disclosed funding stands at approximately $127M three years after launch 2. NEA partner Rick Yang joins the board as a director, with Danielle Lay as a board observer 2.
What Investors Say
No independently sourced investor quotes found at the time of this round.
What Founders Say
“Every firm in finance depends on market data, but accessing it has been one of the industry’s longest-running bottlenecks.” — Christina Qi, Co-founder & CEO, Utah Business, July 9, 2026 2
Sources
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FinSMEs, “Databento Raises $97M in Series B Funding,” July 9, 2026. https://www.finsmes.com/2026/07/databento-raises-97m-in-series-b-funding.html↩↩
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Utah Business, “Salt Lake City’s Databento raises $97M Series B led by NEA,” July 9, 2026. https://www.utahbusiness.com/entrepreneurship/2026/07/09/salt-lake-city-databento-97-million-series-b-led-nea-venture-capital/↩↩↩↩↩↩↩
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Fortune, “Christina Qi left behind a hedge fund trading $7 billion a day for a farm in Utah. Her new startup just raised $97 million to rival Bloomberg,” July 9, 2026. https://fortune.com/2026/07/09/christina-qi-left-a-hedge-fund-trading-7-billion-a-day-for-a-farm-in-utah-startup-raised-97-million-to-rival-bloomberg-lseg-databento/↩↩