Databento raises $97M for institutional market data across crypto and TradFi

Databento, the market data infrastructure company run by former high-frequency trading founder Christina Qi, raised $97 million in Series B funding. The round was led by NEA with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. Databento said it drew more than $300 million in demand.

The company provides low-latency APIs for real-time and historical market data spanning equities, futures, options, and more from over 60 trading venues. Its platform offers tick-by-tick trades and full order books, accessible through Python, Rust, and C++.

Databento now serves more than 3,000 firms. Prior to this round, it had raised roughly $37.5 million across earlier funding, including a $10 million Series A extension in October 2024 that brought that round's total to $30 million.

The company already includes cryptocurrency futures data from the CME and CFE in its offerings. Its roadmap includes plans to integrate Binance spot, futures, and options data. CFE PCAPs covering volatility and crypto futures became available on the platform in October 2025, giving traders packet-capture-level data for crypto derivatives.

Databento has also partnered with tools like NautilusTrader to support hybrid workflows that combine traditional finance and crypto trading in a single environment.

Qi co-founded Domeyard LP, a high-frequency trading firm that was processing billions in daily volume before she shut it down around 2022.