Elron Ventures

Elron Ventures is a publicly traded Israeli investment firm. Based in Tel Aviv, the firm invests in early-growth cybersecurity, AI, deep tech, and war tech companies.

Arming the war industry through Rafael

Elron Ventures operates a joint venture with Rafael Advanced Defense Systems, to acquire controlling stakes in early-stage dual-use war technology companies.

Founding Elbit, the apartheid state's largest arms company

Elron founded Elbit in 1966, and its own site boasts that "today Elbit Systems is the largest non-government-owned defense company in Israel".

Defending war crimes

On October 13, 2023, the CEO of Web Summit, Europe's largest technology conference, posted on social media criticizing Western leaders for failing to condemn Israel's war crimes in Gaza and the genocide carried out by Israeli Occupation Forces. In response, Elron Ventures joined a coalition of Israeli venture capital firms issuing a joint statement announcing their boycott of the conference.

We, members of the Israeli high tech community, have made the decision to cancel sponsorship and will not attend the upcoming Web Summit. We cannot, in good conscience, participate in a conference whose leadership blames Israel for war crimes while Hamas terrorists committed one of the worst terror attacks in modern history,

Despite the CEO of Web Summit's statement presenting factual observations within the context of the atrocities (later confirmed by the UN) Israeli venture capitalists demanded unwavering support for their state, which was already engaged in the mass killing of civilians at the time.

Sources:

• Elron Ventures About
• Elron Ventures Portfolio
• Calcalist Google Withdraws from Web Summit; Israeli VCs Unite in Joint Conference Boycott
• UN OHCHR UN Commission finds war crimes and crimes against humanity in Israeli attacks
• X Paddy Cosgrave

Portfolio Companies & Investments