Market data provider Databento raises $97M Series B led by NEA with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital.
VC & Fundraising ·
Databento, a market data provider, announced a $97 million Series B funding round led by New Enterprise Associates (NEA), with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The funding underscores investor confidence in infrastructure serving crypto's expanding market ecosystem, which spans spot trading, derivatives, onchain lending, and prediction markets that have grown increasingly complex and interconnected.
Databento supplies critical pricing and market microstructure data to traders and platforms navigating an environment where spot markets, perpetual futures, and event-based contracts now coexist across centralized exchanges, decentralized protocols, and emerging venues. As prediction markets reached all-time-high volumes and derivatives platforms moved toward regulatory integration, demand for reliable, granular market information has intensified across the sector.
The round's size and backer composition—combining established venture firms with crypto-native investors—reflects broader capital momentum in crypto infrastructure. Details on how the capital will be deployed and whether it signals expansion into new asset classes or geographies remain undisclosed.