#databento Tech News.
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Databento, founded by ex-hedge funder Christina Qi, raised a $97 million Series B led by NEA, with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The profitable market data startup has only 24 employees and plans to expand to over 20 data centers worldwide.
Databento raised $97M in Series B funding led by New Enterprise Associates to build a market data platform for modern finance. The round was oversubscribed with over $300M in interest. Revenue grew 6.65 times year over year with 97% enterprise retention. The company serves over 3,000 firms and plans to expand across Europe and Asia-Pacific.
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