We understand the need to act quickly, so our process is thorough yet rapid. We are committed to making decisions and taking action within days to a few weeks.
We lead early-growth stage rounds, but we also co-lead and follow when necessary. Aided by a number of strategic partners, we invest with fair terms and total transparency.
Our strategic partners often help our portfolio companies develop their product with real data, in live environments, and with real potential customers.
ABOUT US
Elron Ventures is a tech-driven publicly traded investment firm that partners with promising companies to help transform breakthrough technologies into global businesses. We operate through two core strategies: early-growth investments across cybersecurity, AI, deep tech and defense tech, and a mergers and acquisitions (M&A) strategy focused on acquiring controlling stakes in early-stage dual use defense-tech companies through RDC, our joint venture partnership with Rafael Advanced Defense Systems.
Our mission is to build meaningful and sustainable value for both our shareholders and portfolio companies by leveraging decades of investment, company-building and mergers and acquisitions experience across the technology sector.
INVESTMENT VEHICLES
Elron Ventures operates through three investment vehicles, with the aim of generating equity exits:
Evergreen – Elron’s direct investment activity focused on early-growth technology companies.
RDC – Rafael Development Corporation Ltd. – the long-standing partnership and joint investment vehicle of Elron and Rafael Advanced Defense Systems.
CyberFuture – Elron’s cybersecurity micro fund and global alliance of leading CISOs, providing hands-on support, industry validation and strategic guidance to early-stage cybersecurity companies.
M&A GROWTH ENGINE
Driven through RDC, Elron Ventures has announced a new M&A strategy focused on acquiring and scaling early-stage dual-use defense technology companies through significant ownership, leveraging our partnership with Rafael. The aim is to generate ROI from recurring cash flow through the distribution of portfolio company gains.
Elron’s partnership with Rafael creates unique operating models combining venture expertise, engineering capabilities, operational insight, technological infrastructure and deep domain knowledge across defense and civilian markets. Through RDC, Elron gains access to technologies, engineering expertise and commercialization opportunities originating from Rafael’s ecosystem, supporting the development and scaling of independent technology companies with global market potential.
Elron Ventures has a strong track record of investments, company building, exits and strategic transactions with global technology leaders including Microsoft, Palo Alto Networks, Zscaler, Rapid7 and eToro. Elron works alongside leading global and Israeli investment funds, strategic partners and technology organizations. Through its controlling shareholders, Arieli Group, Elron also benefits from global exposure, international networks and broad relationships across the investment, technology and business communities.
Our investment strategy
Elron Ventures focuses on early-growth investments across cybersecurity, AI, deep tech and defense tech, as well as a mergers and acquisitions (M&A) growth strategy focused on acquiring controlling stakes in early-stage dual use defense-tech companies through RDC together with Rafael.
EARLY-GROWTH INVESTMENTS
M&A of Dual-Use Companies
Through RDC., our joint investment vehicle with Rafael Advanced Defense Systems, Elron is expanding its strategy into M&A activity focused on acquiring controlling stakes in early-stage dual use technology companies.
The strategy combines Elron’s investment and company-building capabilities with Rafael’s technological expertise, operational insight and deep understanding of evolving operational needs and market demand, helping validate technologies, accelerate commercialization and scale independent technology companies across defense and civilian markets.
The strategy combines Elron’s investment and company-building capabilities with Rafael’s technological expertise, operational insight and deep understanding of evolving operational needs and market demand, helping validate technologies, accelerate commercialization and scale independent technology companies across defense and civilian markets.
Meet our team
It’s our seasoned and passionate people who have made Elron Ventures a vibrant force in the hi-tech industry throughout the years. Top technology and business professionals with extensive experience in deep-tech, defense tech cybersecurity and AI, our team has a proven track record of value creation.
Meet the team Our legacy
Elron was established by Uzia Galil, a visionary entrepreneur and one of the founding fathers of Israel’s technology industry. We were the first venture capital firm in Israel - the idea was to bridge the gap between Israeli R&D and industry to create “a knowledge-based industry” which today we call hi-tech.
Starting in the 1960s, we pioneered many of Israel's tech sectors, including defense, medical imaging, semi-conductor development, telecommunications, and medical devices. In each sector, we established eventual market leaders like Elbit Systems, Elscint, Zoran, Orbotech, Partner, Netvision, and Given Imaging. Since 1993, we have had the privilege of partnering with Rafael, Israel's largest defense company.
In 2024, Arieli Group acquired a majority stake in Elron. Arieli Group, a global leader in investments, brings a diversified and high-impact investment approach focused on building the next generation of technologies. This partnership marks a new chapter in Elron's legacy, strengthening its ability to drive long-term growth and global innovation.
A word from our founder Starting in the 1960s, we pioneered many of Israel's tech sectors, including defense, medical imaging, semi-conductor development, telecommunications, and medical devices. In each sector, we established eventual market leaders like Elbit Systems, Elscint, Zoran, Orbotech, Partner, Netvision, and Given Imaging. Since 1993, we have had the privilege of partnering with Rafael, Israel's largest defense company.
In 2024, Arieli Group acquired a majority stake in Elron. Arieli Group, a global leader in investments, brings a diversified and high-impact investment approach focused on building the next generation of technologies. This partnership marks a new chapter in Elron's legacy, strengthening its ability to drive long-term growth and global innovation.
Achievements
1962
Uzia Glil founded Elron to bridge the gap between Israeli R&D and industry and to create “a knowledge-based industry” (later named hi-tech).
1966
Elron founded Elbit, the first Israeli commercial venture in the computer field, focued on defense, medical & communications technologies
Today Elbit Systems (NASDAQ: ESLT) is the largest non-government-owned defense company in Israel.
Today Elbit Systems (NASDAQ: ESLT) is the largest non-government-owned defense company in Israel.
1969
Elbit spun-off Elscint, which grew to become a world leader in the development of medical imaging technologies, forging a new technology: Computer Tomography (CT).
1972
Elscint became the first Israeli company to list on the Nasdaq
1975
Elron went public on the Tel Aviv Stock Exchange
1980s
Elron devised the strategy of using in-house projects (in time came to be known as an “incubator”). Additionally, Elron established Oprotech and was actively involved in the early stages of the establishment of Zoran.
1981
Elron listed on the Nasdaq
Elron established Oprotech (today Orbotech, NASDAQ: ORBK)
Elron established Oprotech (today Orbotech, NASDAQ: ORBK)
1983
Elron invested in Zoran (merged with CSR in 2011, LSE: CSR)
1990
Elron was one of the internet pioneers in Israel, expanding into information technologies and communications. Landmark companies founded at this time included Partner Communication and NetVision
1993
Rafael Development Corporation (RDC) was established as a joint venture of Elron and Rafael to commercialize Israeli MoD technologies in civilian markets
1994
Elron founded NetVision (merged with CellCom in 2011, NYSE: CEL)
1997
Elron founded Partner Communication (NASDAQ: PTNR)
2000s
Through RDC, Elron has incubated and developed several technology leaders, most notably in the field of medical devices.
2001
Given Imaging goes public, and is the 1st company to list on the Nasdaq following 9/11
2005
Medingo, developer of an insulin micro-pump, is founded by RDC
2010s
Elron build a robust portfolio of medical device startups, including BrainsGate and CartiHeal. and established its cyber & enterprise software activities. By the close of the decade, Elron boasted 15 cybersecurity & ES investments.
2010
Medingo is sold to Roche for $180 million
2014
Given Imaging is acquired by Covidien at a value of $1 billion
2017- 2018
Elron closed its first 2 cyber & ES exits: the sale of Cloudyn to Microsoft and of Secdo to Palo Alto Networks
2020s
We are constantly and actively looking for new investment and acquisition opportunities in order to continue building tomorrow’s technology leaders. We continue to invest across Cybersecurity, Defense Tech, Deep Tech and AI, while expanding our focus to include the acquisition and growth of early-stage dual-use technology companies serving both defense and civilian markets.
2024
Since September 2024, five exits have been completed across Elron’s cyber portfolio, with a total transaction value of approximately $800 million: IronScales (PSG), Cybersixgill (BitSight), Prompt Security (SentinelOne), Cynerio (Axonius), and Zengo (eToro).
Investor relations
Elron Ventures is a public Israeli investment company traded on the Tel Aviv Stock Exchange (TASE: ELRN). We specialize in early-growth and early-stage investments we believe will thrive in the world of cybersecurity, SaaS, deep-tech and defense - tech. Building new ventures while creating shareholder value is at the core of our strategy.
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