Protego Ventures closes a $125 million defence-tech fund
Article image: TechCrunchLeft to right: Lee Moser (Co-founder & General Partner at Protego Ventures); Lital Leshem (Co-founder & Managing Partner at Protego Ventures).Protego Ventures completed the final close of its debut fund with $125 million in capital commitments, TechCrunch reported on 29 September. The Israel-focused defence-tech investor is led by Lital Leshem and Lee Moser. It targets companies working on defence and security technology, including drone and situational-awareness systems; this is a fund close, not a financing round for a single technology company.
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Round details
Protego Ventures is an Israel-focused defence-tech investor led by Lital Leshem and Lee Moser. It backs defence and security companies, including drone and situational-awareness systems.
- Final close of a venture fund, not a startup funding round.
- Ares Management committed $30 million as a limited partner.
- Fund commitments: $125M
- Disclosed LP: Ares Management
- Use of funds: Invest in defence and security startups, with company investments from $5 million to $50 million.