Databento Raises $97 Million Series B Led by NEA

Databento, a market data platform designed for modern finance, has successfully secured $97 million in a Series B financing round. The funding was led by New Enterprise Associates (NEA) and included participation from notable investors such as DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The round was significantly oversubscribed, attracting over $300 million in demand, highlighting strong investor interest in the fintech sector. This financing was announced on July 9, 2026, and positions Databento for further growth and expansion in the competitive market data landscape.

Founded just three years ago, Databento has quickly established itself as a key player in the fintech sector, providing real-time and historical market data through a unified API. The company has achieved profitability with a lean team of only 24 employees, demonstrating its operational efficiency and strong market demand. Databento's revenue has surged by 6.65 times year over year, and it boasts a remarkable enterprise logo retention rate of over 97% since its inception. This growth trajectory reflects the company's ability to address longstanding challenges in market data procurement and integration, which have historically hampered financial firms.

The strategic rationale behind the investment from NEA and other venture capitalists is rooted in the increasing reliance on high-quality market data among financial institutions. As trading activities continue to grow in complexity and volume, firms require more efficient access to reliable data sources. Databento's unique approach, which includes colocating servers at exchanges to capture data directly, positions it favorably to meet these demands. The new capital will enable Databento to expand its coverage across various asset classes and geographies, as well as scale its infrastructure to accommodate growing data storage needs.

The participation of DRW Venture Capital, a prominent proprietary trading firm, underscores the operational significance of Databento's offerings. DRW's investment reflects its understanding of the critical role that robust data infrastructure and developer-friendly tools play in modern trading workflows. As automated and agent-driven trading strategies become more prevalent, the demand for efficient market data solutions is expected to rise, further validating Databento's business model.

Looking ahead, the successful Series B funding round positions Databento to capitalize on the evolving dynamics of the fintech sector. As financial firms increasingly prioritize speed and reliability in data access, Databento's innovative solutions are likely to gain even greater traction. The company's expansion plans, coupled with its commitment to enhancing data infrastructure, suggest a promising outlook for its continued growth and leadership in the market data space. Overall, this financing round not only reflects investor confidence in Databento but also highlights the broader trend of increasing investment in fintech solutions that address critical industry challenges.