The Jerusalem PostEconomy
Protego Ventures Closes $125 Million Fund for Early-Growth Defense Companies
Summarized from The Jerusalem Post by baba
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Protego Ventures has closed its first fund at $125 million, focusing on early-growth Israeli defense technology companies. The firm, founded by defense veterans, aims to bridge an investment gap for companies with operationally proven technologies, with one portfolio company, XTEND, recently completing a successful IPO.
The story in 5 lines · by baba
- Protego Ventures closed its first fund at $125 million for defense tech.
- The fund targets early-growth Israeli companies with proven technologies.
- Portfolio company XTEND recently had a $1.5 billion IPO.
- Protego aims to bridge a gap in defense-tech investment.
- The firm plans to expand investment activities to the U.S. with Fund II.
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