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Databento hits $1.1bn valuation with $100m Series C

Databento, a platform supplying market data to the modern financial industry, has secured $100m in a Series C round that values the business at $1.1bn.Fifth Down Capital, which backed Databento in its early days, led the investment. Almost every one of the firm’s existing backers returned to take part, among them NEA, DRW Venture Capital, Tribe Capital and Hedosophia.Fitch Ventures also came on board as a strategic investor, adding the viewpoint of a major financial information business with sig...

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