Arieli EL completes acquisition of majority stake in Elron Ventures
Arieli EL completes acquisition of majority stake in Elron Ventures
Lisya Bahar-Manoah, Managing Partner at Arieli EL, who led the acquisition joined the board as Chairperson.
Arieli EL, part of the Arieli group of companies, has announced the closing of its $53.2 million acquisition of a 59.14% controlling stake in Elron Ventures from Discount Investment Corporation Ltd. The acquisition includes a 50% stake in Rafael Development Corporation, a joint venture with Rafael Advanced Defense Systems.
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From left to right: Evan Renov, Co-Founder, Arieli EL, Lisya Bahar-Manoah, Managing Partner, Arieli EL and Eric Bentov, Co-Founder, Arieli EL.
(Photo: Arieli EL)
Lisya Bahar-Manoah, Managing Partner at Arieli EL, who led the acquisition joined the board as Chairperson. Arieli EL Managing Partners Eric Bentov and Evan Renov have also joined the Elron board of directors.
Elron Ventures has over $250 million in assets under management and its portfolio includes over 19 companies across the cybersecurity, B2B Software, and health-tech spaces. Since 2010, Elron's portfolio has had 15 exits, totaling $2.2B. Elron portfolio, includes companies such as Cybersixgill, Cynerio, IRONSCALES, Cyvers, and Wonder Robotics.
