Christina Qi once ran a hedge fund that traded up to $7.1 billion a day. Now she’s selling the picks and shovels to the people still in the mines, and she just raised $97 million to do it bigger.
Databento, her market data infrastructure company, closed a Series B led by NEA with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The round reportedly drew over $300 million in demand.
What Databento actually does
Databento provides low-latency APIs for real-time and historical market data spanning equities, futures, options, and more from over 60 trading venues. The platform supports tick-by-tick trades and full order books, accessible through Python, Rust, and C++.
The company now serves over 3,000 firms. Prior to this Series B, Databento had raised approximately $37.5 million across earlier rounds, including a $10 million Series A extension in October 2024 that brought that round’s total to $30 million.
