Protego Ventures closes $125 million debut fund for Israeli defense tech
Protego Ventures has completed the final close of its first fund at $125 million. The Israel-focused defense tech firm plans to invest $5 million to $50 million per company and is already looking toward a second fund in 2027.
TLDR
Protego Ventures has completed the final close of its debut fund with $125 million in capital commitments, marking a notable raise for an Israel-focused defense tech investor. TechCrunch describes the firm as the first and largest dedicated defense tech VC in Israel. The fund is set up to invest between $5 million and $50 million per company in startups focused on defense and security needs in Israel and abroad. Its first portfolio company, drone maker XTEND, went public on the NYSE earlier this month. TechCrunch also reports that Ares Management is one of Protego’s biggest backers and that Protego is already planning a second fund for the first quarter of 2027.
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