Christina Qi left behind a hedge fund trading $7 billion a day for a farm in Utah. Her new startup just raised $97 million to rival Bloomberg

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.

With only 24 employees, Databento is already profitable—a combination so unusual that, by Qi’s own admission, her investors keep telling her to just spend more money.

“We haven’t really touched........

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