Arieli EL acquires control of Elron Ventures for $53 million
Arieli EL acquires control of Elron Ventures for $53 million
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
Arieli EL, part of the Arieli group of companies, announced on Sunday the acquisition of a 59.1% stake in cyber and B2B software holding company Elron Ventures for $53.2 million from Discount Investment Corporation. Lisya Bahar-Manoah, Managing Partner at Arieli EL, led the acquisition of Elron. Arieli was co-founded by Evan Renov and Eric Bentov.
Elron Ventures has over $250 million in assets under management (AUM) 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. Notable portfolio companies include: Cynerio, Cybersixgill, IRONSCALES, Sayata, Red Access, and Scribe Security.
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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)
“The gap between real-time cyber solutions and evolving cyber threats is a critical challenge,” said Lisya Bahar-Manoah, Managing Partner at Arieli EL. “In 2023, there were more than 300 million victims of cybercrime globally, with data breaches rising by 78% in the US alone. Israeli cybersecurity exits in 2023 grew by 65% totalling $7.1 billion, and we see this trajectory only gathering pace in 2024 as demonstrated by reports of Google’s acquisition of Wiz for $23 billion.”
