Blackwall Secures EUR 45 Million in Series B Funding

Deal News | Mar 24, 2025 | CEE Legal Matters

Ellex has advised the Estonian-based company Blackwall in securing EUR 45 million in a series B funding round. The round was led by Dawn Capital with contributions from existing investors. Blackwall, known for its AI-driven security and web infrastructure solutions, plans to utilize the funds to double its workforce and amplify its growth strategies, focusing on penetration into U.S. and APAC markets. The legal advisory team from Ellex included Partner Antti Perli and Senior Associate Alla Kuznetsova. While Ellex refrained from providing further details, the investment signifies a significant step for Blackwall as it aims to further its global market presence through strategic expansions and business enhancements.

Sectors

Technology
Legal Services
Investment

Geography

Estonia – Blackwall is an Estonian-based company.
United States – Blackwall plans to expand into the U.S. market.
Asia-Pacific – Blackwall aims to expand in the APAC markets.

Industry

Technology – Blackwall is involved in AI-enabled security and web infrastructure, fitting within the technology industry.
Legal Services – Ellex provided legal advisory for the funding round, thus influencing the legal advisory industry.
Investment – Dawn Capital's participation in the investment round positions the article within the investment industry.

Financials

EUR 45 million – The amount raised by Blackwall in the series B funding round.

Participants

Name	Role	Type	Description
Blackwall	Target Company	Company	An Estonian-based AI-enabled security and web infrastructure company.
Dawn Capital	Investor	Company	A private equity firm that led Blackwall's EUR 45 million series B funding round.
Ellex	Legal Advisor	Company	Provided legal advisory services to Blackwall for the funding round.
Antti Perli	Partner	Person	Partner at Ellex involved in the advisory.
Alla Kuznetsova	Senior Associate	Person	Senior Associate at Ellex involved in the advisory.