Databento Raises $10 Million in Funding
Databento, a Salt Lake City, UT-based market data APIs and solutions provider, has raised $10 million in additional funding, increasing its total Series A round to $30 million.
The funding round saw participation from existing shareholders as well as new investments from Belvedere Trading, Clear Street, Lightscape Partners, and several notable asset management firms.
The company will use the additional funding to expand adoption across diverse market sectors.
Databento is a financial data company that specializes in providing market data solutions for various financial institutions, including hedge funds, proprietary trading firms, banks, and brokerages. The company aggregates and delivers extensive market data, including equities data feeds. Databento simplifies and accelerates access to institutional-grade financial data through its APIs and no-code browser platform.
Funding Details
Company: Databento, Inc.
Raised: $10.0M
Round: Series A
Funding Date: October 2024
Investors: Belvedere Trading, Clear Street, Lightscape Partners
Company Website: https://databento.com/
Software Category: Market Data Solutions