Christina Qi spent a decade making money for billionaires, building Domeyard LP—a high-frequency trading hedge fund that traded up to $7.1 billion a day. Then, she shut the whole thing down to start Databento, a market data infrastructure company.
Databento’s pitch is almost comically unsexy compared to her last venture: sell financial data feeds to the same banks and hedge funds she’d left. The startup just raised a $97 million Series B led by NEA, Fortune learned exclusively, with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital. The round drew over $300 million in demand, the company said. And Qi is running it all from a farm in Utah.
