Databento Raises $100 Million Series C at a $1.1 Billion Valuation
The market-data infrastructure company said Fifth Down Capital led the November 12 round, with Fitch Ventures joining as a strategic investor and existing backers participating again.
GLOBAL — Databento announced on Nov. 12 that it raised $100 million in Series C financing at a reported $1.1 billion valuation. Fifth Down Capital led the round, Fitch Ventures joined as a new strategic investor, and existing investors also participated, according to the company.
The company sells market-data infrastructure to financial firms and developers, with products for accessing historical and live market data through APIs. That places Databento in a market where speed and breadth of data are commercial differentiators, but customers also care about exchange licensing, feed reliability, normalization and the total cost of using data across venues.
The $1.1 billion figure is a private financing valuation, not a public-market price or a guarantee of future value. The announcement establishes the terms of this capital raise, but does not by itself demonstrate Databento’s profitability, customer retention or future growth.
The round gives Databento capital to broaden its data products and market reach, while putting the usual growth-company question in focus: whether increased coverage and distribution can scale without eroding data quality or service reliability. For customers, the practical test is not the valuation but whether the feeds meet their latency, licensing and support requirements at a competitive total cost.