CAPITAL FLOWS BETA

THE CAPITAL BEHIND THE DEAL

Blackwall (Botguard OÜ)

Estonia · 2026-10-20 · Series C

US$100MAnnounced transaction total, not an investor contribution
Tallinn, EstoniaCompany location
4 mappedSource-linked participants; coverage may be partial
Lead / transaction context
AVP
Recorded investor context
AVP led the round alongside existing investors Dawn Capital, MMC Ventures and Tera Ventures.
Sector
Cybersecurity
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Source-linked participants

AVP

Paris, France → Blackwall (Botguard OÜ)

Recorded participation

Participation source ↗ · Investor location source ↗

Dawn Capital

London, United Kingdom → Blackwall (Botguard OÜ)

Recorded participation

Participation source ↗ · Investor location source ↗

MMC Ventures

London, United Kingdom → Blackwall (Botguard OÜ)

Recorded participation

Participation source ↗ · Investor location source ↗

Tera Ventures

Tallinn, Estonia → Blackwall (Botguard OÜ)

Recorded participation

Participation source ↗ · Investor location source ↗

Sources and limits

Open announcement source ↗ · Company location source ↗

Lines show source-supported participation between approximate city-centre locations. An investor point may represent a disclosed office or a fund manager, not the fund domicile or payment origin. Individual contributions are disclosed only where separately sourced; the round total is never divided between investors. The mapped participants may be a subset of the announced syndicate. Source checked 2026-10-23T15:06:37.958Z.

Public-capital participation has not been assessed for this announcement. This does not establish absence of public funding.

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