Elron Ventures Ltd · TASE:ELRN
Elron Ventures — Investor Presentation (March 2026)
21 slides from Elron Ventures's investor presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation MARCH 2026 ELRONVENTURES.COM
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only. By this presentation, in various stages of business development (hereinafter: the "Portfolio such statements may be based, or that may affect the likelihood that Elron does not intend to solicit offers to purchase its securities and the
Slide 3: Meet Elron Management Team: Knowledge & Experience Combined
Meet Elron Management Team: Knowledge & Experience Combined to accelerate investment scaling and growth. Lisya Bahar Manoah Yaniv Shnieder Rony Gur Arie Chairperson CEO CFO Managing Partner @ Arieli Group. >15 years Seasoned technology leader with 25 years of Joined Elron Ventures 9 years ago. Overs
Slide 4: Elron Ventures Corporate Overview
Elron Ventures Corporate Overview Established in 1961, Israel’s first evergreen fund; partnership with Rafael for over three decades Controlling Shareholder Currently Invests 25 Portfolio Arieli Group, since Sept. 2024 in Deep Tech, Defense Tech, Cybersecurity, Software/AI; Companies* Legacy Healtht
Slide 5: RDC: Elron and Rafael's Partnership Today
30 years of Investment Partnership: RDC: Elron and Rafael’s Partnership Today Boosting Technological, Product and Market Superiority Mobilizing the right mechanisms and teams at Rafael to work with deep tech and cybersecurity ventures RDC's new co-CEO: Liat Schechter, Senior Vice President and Gener
Slide 6: Elron's joint team with Rafael
Meet Elron Team: Elron’s joint team with Rafael Lisya Bahar Manoah Chairperson Yaniv Shnieder CEO Rony Gur Arie CFO Liat Shechter Nakash Co-CEO @RDC Lior Levinsky CFO@RDC The strength of our team lies in seamless collaboration and extensive expertise. Erez Berkovich, Phd Lauren Duke Yishay Perry May
Slide 7: M&A-led strategy together with Rafael - through RDC
M&A-led strategy together with Rafael - through RDC * Vision: Creating the next growth engine in defense technologies through mergers and acquisitions, leveraging the strategic partnership with Rafael. Scaling From Investor to Strategic Acquirer 1 Given the nature of defense-tech innovation, an M&A
Slide 8: Strategy 2026: M&A Model
Strategy 2026: M&A Model OPERATIONAL INVESTMENT Exits through M&A or Current sources of income secondary sale INVESTMENT HOLDING M&A* 25 PORTFOLIO COMPANIES EARLY GROWTH DEFENSE OPPORTUNISTIC DEEP TECH DEFENSE TECH CYBERSECURITY AI ELRONVENTURES.COM *The strategy has been approved by the Board of Di
Slide 9: Activities Overview Since September 2024 - Building, Exits and Growth
Activities Overview Since September 2024 - Building, Exits and Growth Delivering on our strategy published in January 2025 Under new management, Elron is implementing a strategy focused on early-stage investments in defense-tech and deep-tech, alongside cyber investments. Concluding the year with ex
Slide 10: 5 exits in the last 18 months with total value of approximately $800M
5 exits in the last 18 months – with a total value of approximately $800M* CYBER CYBER Acquired by: Acquired by: CYBER CYBER CYBER Acquired by: Acquired by: Acquired by: *by Cyberfuture ELRONVENTURES.COM * Including CyberFuture’s exits. Investor Deck // 10
Slide 11: Elron: M&A-Led Strategy, Exit Strategy, Investments and Exits
M&A-Led Strategy Exit Strategy We are pursuing a new M&A-led strategy We estimate that in the next 12 through RDC with our long-standing months we shall execute 1-3 exit Elron partner Rafael: Expanding from investor to strategic acquirer, by acquiring and scaling early-stage defense tech companies.*
Slide 12: Elron Snapshot - Effective and consolidated assets under management
Elron Snapshot - according to the data included in the investor presentation published on March 18, 2026 Effective and consolidated assets under management Holdings in companies Holdings based on valuation of last financing round 1,2 Holdings based on valuation of last financing round 1,2 ($m, effec
Slide 13: Financial data of Elron (consolidated)
Financial data of Elron (consolidated)* - according to the data included in the investor presentation published on March 18, 2026 Net asset value Holdings in companies Cash and other financial resources $183.9M $104.2M $57.1M Consolidated 3 verticals As of March 16, 2026 Cyber/software companies Liq
Slide 14: CyberFuture Micro Fund
Cyberfuture Micro Fund ELRONVENTURES.COM Investor Deck //
Slide 15: CyberFuture: A Global CISO-Cybersecurity Investment Vehicle Established by Elron
Our Micro-Fund: CyberFuture: A Global CISO-Cybersecurity Investment Vehicle Established by Elron CyberFuture showcases a select group of top CISOs with resumes from leading global organizations. CISO INVESTORS ‘Separating the wheat from the chaff’ in a fragmented space We are able to identify compel
Slide 16: Our Portfolio
Our Portfolio ELRONVENTURES.COM
Slide 17: Elron Portfolio Snapshot
Elron Portfolio Snapshot Companies crossing all stages as a growth catalyst for the coming years Legend Cybersecurity Medtech New Software Deep Tech / Defense Tech Other Seed Round A Round B Round C E→ E→ ELRONVENTURES.COM Investor Deck // 17
Slide 18: Portfolio Overview
Portfolio Overview Growth Companies BITSIGHT AXONIUS NOTAL VISION EDGE 226 ** Cybersecurity ratings and risk intelligence for organizations *, Cybersecurity asset management platform that secures and Remote monitoring of patients with age-related 8% Performance-based ad exchanges for ad 24% macular
Slide 19: Portfolio Overview: Early Growth Companies
Portfolio Overview: Early Growth Companies New WONDER ADDIONICS RAVEN CYVERS ROBOTICS Cryptocurrency attack detection in real-time 26% Intelligent and robust 360° self- awareness 31% Advanced current collectors for 3% Runtime application protection that stops 10% using AI- based behavioral Our softw
Slide 20: CartiHeal Update
CartiHeal Update Contingent consideration from the sale of CartiHeal — a former portfolio company of Elron Ventures that was sold in 2024. As stated in the publications of Smith+Nephew regarding its acquisition of CartiHeal, published on March 2, 2026, the launch of CartiHeal’s product is progressin
Slide 21: Thank You!
Thank You! ELRONVENTURES.COM Lisya Bahar Manoah Yaniv Shnieder Active Chairperson CEO lisya@elron.com yaniv@elron.com