MMC Ventures, a venture capital fund, led a €12m Series A round in BotGuard, a cybersecurity software company, with participation from Tera Ventures, Expeditions Fund and Stefan Lindeberg. “Every business should have effective web traffic management, yet there are no affordable solutions focused on the SME segment due to complicated and expensive onboarding processes. Malicious bot traffic can be extremely harmful for businesses – particularly for the likes of e-commerce retailers that depend on their website to operate – and organisations require tools that keep pace with the rapidly-evolving threat landscape. Even neutral web traffic – like some crawler bots – can drive up management costs. We are democratising web security by offering web hosting providers a flexible, easy-to-use, and cost-effective solution that still offers the highest level of control over web traffic. We are excited for this next stage of our growth journey as we continue to innovate and expand into new territories,” Nik Rozenberg, Botguard CEO and Co-Founder.