About Elron Ventures
Elron Ventures is a venture capital firm founded in 1962. It is primarily based out of Tel Aviv, Israel. As of Mar 2026, Elron Ventures is an active investor, having invested in 64 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in Israel based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of Raven Overall, Elron Ventures portfolio has seen 1 IPO and 26 acquisitions including key companies like ZenGo, Elbit Systems and Sayata. A lot of funds co-invest with Elron Ventures, with names like Pitango sharing a substantial percentage of its portfolio. Elron Ventures has team of 12 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Elron Ventures' List of Top Investments
Elron Ventures has a portfolio of 64 companies. Their most notable investments are in SCRIBE and Sayata.Their portfolio spans across Israel, United States and Germany. They have invested in Enterprise Applications, High Tech, Life Sciences and 15 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Elron Ventures:
1. ZenGo
Keyless cryptocurrency mobile wallet. It replaces private wallet keys with open-source threshold cryptography and its distributed servers. The application is available on the Android and iOS platforms.
Key facts about ZenGo
- Founded Year: 2017
- Location: Tel Aviv (Israel)
- Stage: Acquired
- Total Funding till date: $52M
- Employee Count: 51 as on Mar 31, 2026
- Investors: Insight Partners, Samsung and 15 Others
- Latest Funding Round: Series A, May 02, 2022, $*****
- Highlight: Acquired
Developer of defense technology delivering solutions for air, land, and naval. The company integrates and sustains next-generation solutions across multiple domains. It provides solutions for autonomous, networked warfare, cyber, and homeland security. The company also offers solutions for commercial applications.
Key facts about Elbit Systems
- Founded Year: 1966
- Location: Haifa (Israel)
- Stage: Public
- Employee Count: 7,669 as on Jun 30, 2026
- Investors: Elron Ventures, Europa and 1 Other
- Latest Funding Round: Grant (prize money), Oct 01, 2020, $*****
- Highlight: Public
3. Sayata
Insurance quoting solutions for the insurance industry. It offers solutions for the digital signing process, tech E&O coverage, cyber coverage, and more. It also offers educational tools for professionals.
Key facts about Sayata
- Founded Year: 2016
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $60M
- Employee Count: 31 as on Jun 30, 2026
- Investors: Vertex Ventures Israel, Vertex Holdings and 7 Others
- Latest Funding Round: Series A, Jan 24, 2022, $*****
- Highlight: Acquired
NitiNotes is focussed on developing non-surgical bariatric solutions for obesity issues. The company has received funding from Accelmed, an investment firm focused on value creation for medical device companies and technologies. As of Apr 2017, the company is operating from Peregrine's incubator and hasn't disclosed its product information and development details.
Key facts about Nitinote Surgical
- Founded Year: 2014
- Location: Ramat Gan (Israel)
- Stage: Series B
- Total Funding till date: $26.1M
- Employee Count: 35 as on Jun 30, 2026
- Investors: Accelmed, Arkin Holdings and 6 Others
- Latest Funding Round: Series B, Dec 23, 2024, $*****
- Highlight: Editors' Pick
5. Iron Scales
Provider of AI-powered email security solutions protecting against advanced email threats. The company offers protection against business email compromise, account takeover, and generative AI attacks. It provides tools for phishing simulation testing and security awareness training. The company's platform integrates with Microsoft 365, Microsoft Teams, and Google Workspace.
Key facts about Iron Scales
- Founded Year: 2013
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $95M
- Employee Count: 178 as on Jun 30, 2026
- Investors: BayHawk Capital, 8200 EISP and 7 Others
- Latest Funding Round: Series C, Dec 07, 2021, $*****
- Highlight: Editors' Pick
Elron Ventures' Year-on-Year Investment Trends
Elron Ventures has invested in 64 companies over the last 26 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Raven and most recent follow-on round was in Redaccess.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 1 | 2 |
2024 | 0 | 2 | 2 |
2023 | 2 | 0 | 2 |
2022 | 5 | 2 | 7 |
2021 | 1 | 2 | 3 |
2020 | 0 | 2 | 2 |
2019 | 1 | 1 | 2 |
2018 | 4 | 1 | 5 |
2017 | 0 | 2 | 2 |
Elron Ventures' Investments by Stage
Elron Ventures has made 22 investments in Series A stage with an average round size of $9.18M, 16 investments in Seed stage with an average round size of $4.9M, 4 investments in Series B stage with an average round size of $12.6M, 1 investment in Post IPO stage with an average round size of $10M and 1 investment in Series D stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Series A | 22 |
Seed | 16 |
Series B | 4 |
Post IPO | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Elron Ventures' Investments by Sector
Elron Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Life Sciences, High Tech and FinTech. Notably, it has invested in 50 Enterprise (B2B) companies, 48 Tech companies, 34 Software companies and at least 8 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
Enterprise Infrastructure | 15 |
Life Sciences | 12 |
High Tech | 9 |
FinTech | 5 |
Others | 21 |
Note: We have considered here, only first round of investments
Elron Ventures' Investments by Geography
Elron Ventures has made most investments in Israel (33), followed by United States where it has made 11 investments.Country | No. of Investments |
|---|---|
Israel | 33 |
United States | 11 |
Germany | 1 |
Note: We have considered here, only first round of investments
Elron Ventures' recent investments
Elron Ventures has made 1 investments in 2026 so far - Raven.Here are the most recent investments by Elron Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 18, 2026 | United States | Seed | 4628 | [+8] | |
Oct 29, 2025 | Israel | Series A | 4938 | [+2] | |
Sep 10, 2025 | Israel | Series A | 9691 | [+3] | |
Dec 23, 2024 | Israel | Series B | 1258 | [+1] | |
Sep 25, 2024 | United States | Series A | 6578 | [+5] |
IPOs and Publicly Listed companies in Elron Ventures' Portfolio
1 of Elron Ventures' portfolio company became public - Elbit Systems. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 1996.Here are Elron Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 27, 1996 | - | - | 2381 |
Acquired companies in Elron Ventures' Portfolio
26 companies from Elron Ventures' portfolio have been acquired. The most recent acquisition was ZenGo in Apr 2026 by eToro for $*****.Here are Elron Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 15, 2026 | Oct 02, 2018 | Seed | 1718 | |
Sep 02, 2025 | Mar 27, 2019 | Seed | 9353 | |
Jul 26, 2025 | Apr 03, 2018 | Seed | 5175 | |
Nov 14, 2024 | Jun 15, 2016 | Series A | 7213 | |
Nov 22, 2023 | Feb 01, 2012 | Series A | 8162 |
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Team profile of Elron Ventures
Elron Ventures has a team of 12 members including 6 Partners, 1 Venture Partner and 1 Principal located in Israel and United States. Elron Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Elron Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Ramat Gan | - | - | |
Partner | Tel Aviv Yafo | - | - | |
Partner | Tel Aviv Yafo | - | ||
Partner | New York | - | - | |
Partner | New York City | - | - | |
Venture Partner | Israel | - | - | |
Principal | Tel Aviv | - | - |
Co-investors of Elron Ventures
Over the past 26 years, 138 investors have co-invested in Elron Ventures's portfolio companies. This includes funds and angels.
- Invested before Elron Ventures: Terra Venture Partners, Awz Ventures and 6 others have invested in rounds before Elron Ventures. There is 1 company where Terra Venture Partners has invested before Elron Ventures and 1 company where Awz Ventures has invested before Elron Ventures.
- Top Co-investors of Elron Ventures: 68 investors entered a company along with Elron Ventures. These include investors like Pitango (3 companies).
- Invested after Elron Ventures: A total of 62 investors have invested in Elron Ventures's portfolio after their investments. Top Investors include Rafael Development Corporation (5 companies), OurCrowd (2 companies) and BNP Paribas (2 companies).
Recent News related to Elron Ventures
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Elron Ventures and Rafael prepare $300m dual-use defense technology acquisition pushBusiness News Today•Jun 01, 2026•Elron Ventures, Rafael Advanced Defense Systems
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Raven.io Raises $20M in FundingFinSMEs•Mar 18, 2026•Raven, Norwest, Elron Ventures, CYBER FUTURE and 6 others
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CyberRidge raises $16M Series A for photonic encryptionCTech•Oct 28, 2025•Arkin, CyberRidge, Redseed, Elron Ventures and 1 other
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Tech CyberRidge Raises $26M to Protect Subsea Internet DataNewsdirectory3•Oct 28, 2025•Arkin, CyberRidge, Awz Ventures, Redseed and 3 others
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Red Access secures $17M Series A to simplify enterprise securityCTech•Sep 10, 2025•Redaccess, Elron Ventures, Singtel Innov8, Ten Eleven Ventures and 2 others
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SSS Security and browsers: Red Axs raised $ 17 millionPeople & Computers•Sep 10, 2025•Redaccess, Elron Ventures, Singtel Innov8, Ten Eleven Ventures and 1 other
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US firm Global Indemnity acquires Israeli AI company SayataTech in Asia•Sep 04, 2025•GBLI, Elron Ventures, Sayata, Vertex Ventures and 5 others
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Elron Ventures exits cyber portfolio company IronScalesSeeking Alpha•Nov 20, 2024•Elron Ventures, Iron Scales, PSG
