William Blair acted as the exclusive financial advisor to Bain Capital Tech Opportunities in connection with a $190 million growth investment in Blackpoint Cyber (Blackpoint), with participation from Accel. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners. The transaction, which was announced on June 8, 2023, highlights William Blair’s ongoing momentum in cybersecurity.
About the Companies
Blackpoint offers the only world-class, nation state-grade cybersecurity ecosystem serving the MSP community. Using its own software and SOC, Blackpoint's true 24/7 MDR service not only detects breaches earlier than any other solution on the market, but also provides an actual response rather than just an alert to keep your and your clients' networks safe from widespread damage.
Bain Capital Tech Opportunities (www.baincapitaltechopportunities.com) aims to help growing technology companies reach their full potential. We focus on companies in large, growing end markets with innovative or disruptive technology where we believe we can support transformational growth. Our dedicated, tenured team has deep experience supporting growing technology businesses—bringing together differentiated backgrounds in private and public equity investing as well as technology operating roles. We invest behind fundamental long-term tailwinds as technology penetrates across industries, creating a large and growing number of investment opportunities. Bain Capital Tech Opportunities focuses on five priority sub-verticals: Application Software, Infrastructure & Security, Fintech & Payments, Healthcare IT, and Internet & Digital Media. We are a business unit of Bain Capital, one of the world's leading private investment firms with approximately $160 billion in assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live.
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, DJI, Fiverr, Flipkart, Freshworks, Qualtrics, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40 years. We help ambitious entrepreneurs build iconic global businesses.
Learn more about our technology investment banking expertise.