Tera Ventures participates in Blackwall's €45M Series B round
Blackwall’s Series B was led by Dawn Capital, with support from existing investors at Tera Ventures, MMC Ventures, Expeditions Fund, and Red Dawn Ventures. The funding will be used to double headcount and expand globally, focusing on the U.S. and APAC markets. They will also continue innovating with new infrastructure and security products to better serve their partners.
Nikita Rozenberg, Co-founder and CEO of Blackwall (fka BotGuard) commented: “With Blackwall, we are taking our mission to the next level—delivering gold-standard infrastructure protection to SMBs that have traditionally been overlooked. This funding enables us to scale globally and continue innovating for the businesses that need it most.”
Founded in 2019 by Nikita Rozenberg (CEO) and Denis Prochko (CTO), Blackwall defends web ecosystems from malicious automated threats, being already in use across more than 2.3 million websites and applications. According to Blackwall, around 50% of all global web traffic stems from bots, 66% of which are malicious. Traditional solutions are priced and designed for enterprises, leaving SMBs – subject to 43% of all cyber attacks – potentially vulnerable.
Andrus Oks, General Partner at Tera Ventures commented: "As initial investors who witnessed their journey from day one, this milestone is particularly meaningful as it also marks the largest cybersecurity funding round in Estonia in past years. From our first meeting, Nikita Rozenberg and Denis Prochko's vision to combat sophisticated AI-powered bot attacks struck us as both ambitious and essential. Their approach to bot detection and prevention has proven transformative, with Blackwall now protecting over 23M websites daily."
Norman Fiore, General Partner at Dawn Capital commented: “It is rare to see a business targeting SMBs which has such a broad offer, of which each component is best of breed. Blackwall’s innovative technology provides exactly that. Nik and Denis have devised a winning, channel-first strategy for their excellent product, and relentlessly executed on their bold vision. Blackwall has only scratched the surface of the expansive opportunity in North America and APAC, and we are confident that the company is uniquely positioned to transform how SMBs access advanced security solutions. We’re thrilled to be supporting the team as they further scale and pioneer a new approach to infrastructure protection.”