Client News
Snell & Wilmer Represents New Enterprise Associates (NEA) in $97 Million Series B Financing of Databento
SAN DIEGO – Snell & Wilmer represented client New Enterprise Associates (NEA), a global venture capital firm, as it led Databento’s $97 million Series B financing. Databento is a market data platform for modern finance that provides real-time and historical market data across futures, options, and equities through a unified API.
The financing will support Databento’s continued growth and global expansion, including broadening its market data coverage across additional asset classes and geographies while further scaling its infrastructure. Since launching in 2023, Databento has experienced rapid growth, serving many of the world’s leading financial firms with an institutional-grade market data platform designed to simplify data access and accelerate development for trading and research teams.
“Databento has built the modern foundation this industry has needed for a long time,” said Rick Yang, NEA Partner and Head of Technology, in a recent press release. “This is exactly the kind of company we back at NEA, and we’re thrilled to be along for the ride.”
Daniel McEvers Mahoney, P.C. and Bardia Moayedi led the Snell & Wilmer team advising NEA. The diverse team included Sarah Hibbard, Monique Torres, and Christopher Franich.
Snell & Wilmer’s corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s venture capital and private equity practice covers multiple aspects of the transactional arena involving public and private companies, including the structuring and execution of majority buyouts and minority investments, acquisitions (including buy- and sell-side deals, as well as negotiated and auction deals), financings (including 144A transactions and PIPEs), going-private transactions, and spin-off transactions. Our venture capital and private equity attorneys advise both domestic and international funds, including venture capital, private equity, hedge, mezzanine, real estate opportunity, fund-of-funds, exchange, and other private investment funds.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 17 locations throughout the United States and in Mexico, including Phoenix and Tucson, Arizona; Los Angeles, Orange County, Palo Alto and San Diego, California; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno-Tahoe, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
