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Christina Qi once ran a hedge fund that traded up to $7.1 billion a day. Now she’s selling the picks and shovels to the people still in the mines, and she just raised $97 million to do it bigger.
Databento, her market data infrastructure company, closed a Series B led by NEA with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The round reportedly drew over $300 million in demand.
What Databento actually does
Databento provides low-latency APIs for real-time and historical market data spanning equities, futures, options, and more from over 60 trading venues. The platform supports tick-by-tick trades and full order books, accessible through Python, Rust, and C++.
The company now serves over 3,000 firms. Prior to this Series B, Databento had raised approximately $37.5 million across earlier rounds, including a $10 million Series A extension in October 2024 that brought that round’s total to $30 million.
The crypto angle is bigger than it looks
Databento already incorporates cryptocurrency futures data from the CME and CFE into its offerings, and its roadmap reportedly includes plans to integrate Binance spot, futures, and options data.
CFE PCAPs covering volatility and crypto futures became available on the platform as of October 2025, giving traders access to packet-capture-level data for crypto derivatives.
The company has also partnered with tools like NautilusTrader to enable hybrid workflows that merge traditional finance and cryptocurrency trading in a single environment.
From $7.1 billion a day to data feeds
Qi co-founded Domeyard LP, a high-frequency trading firm that was processing billions in daily volume before she shut it down around 2022.
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