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INDUSTRY FIRST

Databento raised $10M in additional funding for its Series A round, led by Belvedere Trading, Clear Street, and Lightscape Partners to expand operations and development efforts.

Oct 31, 202410 months ago

Amount Raised

$10 Million

Round Type

series a

Salt Lake CityFinancial ServicesInformation Technology

Investors

Lightscape PartnersClear StreetBelvedere Trading

Description

Databento, a financial data company based in Salt Lake City, UT, has closed an additional $10M, raising its total Series A round to $30M. The funds will be utilized to enhance operations and development initiatives, and the company aims to introduce new product enhancements soon.

Company Information

Company

Databento

Location

26 S Rio Grande St. #2072

Salt Lake City, Utah, United States

About

Databento makes it simpler and faster to get market data. Our self-service model allows users to instantly pick up live exchange feeds and terabytes of historical data—and only pay for what they use. Our goal is to power the world's largest finance and fintech institutions and make data accessible for small startups. Since starting in 2019, we've raised over $27.8M in funding. Our team brings years of experience running high-frequency trading desks and includes alumni from firms like Two Sigma, Flow Traders, Virtu, and Stripe.

FundzWatch™ Score

84
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech