Blackwall Becomes Estonia's Latest Unicorn with $2.2B Valuation

Startups13 hours ago

AVP led a $100M Series C funding round for web traffic security firm Blackwall, assigning the company a valuation of $2.2B. The capital injection establishes the web infrastructure provider as the newest Estonian startup to achieve unicorn status.

Blackwall previously secured $49.2M in a Series B round in March 2025. This latest investment quadruples the firm's valuation since that previous round as it scales its cybersecurity services.

Mapped to your portfolio

Possible scenarios

38%Standalone Scale-Up+0.2%
27%Defense Demand Deepens+0.1%
20%Strategic Exit Path+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Blackwall Becomes Estonia's Latest Unicorn with $2.2B Valuation

In this story

Blackwall AVP Estonia

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

38%Standalone Scale-Up+0.2%
27%Defense Demand Deepens+0.1%
20%Strategic Exit Path+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.