Estonia-based Blackwall Raises €45 Mn In Series B Funding Round

Dawn Capital is a leading B2B software investor in Europe, managing over $2 billion in assets. It mainly invests in early-stage companies from Series A and B, supporting top performers through growth and exit stages.

Norman Fiore, General Partner, Dawn Capital comments, “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. 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.”

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Nikita Rozenberg, Co-Founder & CEO, says, “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.”

Existing investor MMC also joined the funding round.

The company has rebranded from Botguard to Blackwall.

Along with the funding, Norman Fiore (Co-Founder & GP at Dawn Capital) and Shamillah Bankiya (Principal at Dawn Capital) are joining the board. Roi Carthy (Co-Founder & CEO at Hudson Rock) will take on the role of Executive Chairman.

Already operating in the US and APAC, Blackwall will use the new funds to double its team, expand further in these regions, and accelerate product development.

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About Blackwall 

Founded in 2019 by Nikita Rozenberg (CEO) and Denis Prochko (CTO), Blackwall (formerly BotGuard) is dedicated to protecting web ecosystems from automated threats.

Its main product, GateKeeper, is a reverse proxy that defends servers from bots and hackers.

This helps Hosting Service Providers (HSPs) and Managed Service Providers (MSPs) reduce costs by up to 25% and handle more users on their servers. In turn, it boosts their revenue, benefiting millions of SMBs worldwide.