Elron Ventures Ltd · TASE:ELRN
Elron Ventures — Investor Presentation (September 2026)
21 slides from Elron Ventures's investor presentation, September 2026
Slide 1: Investor Presentation September 2026
Investor Presentatio n SEPTEMBER 2026 ELRONVENTURES.COM
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only. By this 5755-1995. that cannot be assessed in advance and which are not within presentation, Elron does not intend to solicit offers to the control of Elron. Elron assumes no obligation to update the This presentation may be accompanied
Slide 3: 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 PARTNERSHIP WITH RAFAEL, 23 PORTFOLIO COMPANIES * Arieli Group, since Sept. 2024 DEFENSE INDUSTRY LEADER From Seed to Series E Joint Investment
Slide 4: 6 exits in the last 24 months
6 exits in the last 24 months – with a total value of approximately $1B* Since SeptemberCYBER 2024 Elron has distributed CYBER ~$30M CYBER Acquired by: Acquired by: Acquired by: CYBER CYBER CYBER Acquired by: Acquired by: Acquired by: *by Cyberfuture *by Cyberfuture 2026 2026 ELRONVENTURES.COM * Inc
Slide 5: Elron Snapshot
Elron Snapshot Effective and consolidated assets under management Holdings in companies Holdings based on valuation of last financing round 1,2 Holdings based on valuation of last financing round 1,2 ($m, effective) ($m, consolidated) Cyber Holdings3 43.7 73.6 Deep Tech / Defense Tech 8.4 11.3 Medic
Slide 6: Financial data of Elron (consolidated)
Financial data of Elron (consolidated)* Consolidated Net asset value Holdings in companies Cash and other financial resources $181.7M $104.9M $54.2M As of August 30, 2026 Cyber/software companies Liquid resources $73.6M $54.2M Contingent consideration from Medical companies $181.7M $20.0M the CartiH
Slide 7: VC Market Trends - Q2 2026
Market Intelligence VC Market Trends - Q2 2026 Israel's Defense-Tech and Cybersecurity Sectors Hit New Highs Global acceleration of dual-use technology is reshaping Israeli venture capital – defense-tech and cybersecurity are both setting funding records in H1 2026 $3B Raised in 33.7% Cyber Share 11
Slide 8: RDC: Elron and Rafael's Partnership
30 years of Investment Partnership RDC: Elron and Rafael’s Partnership Boosting Technological, Product and Market Superiority INVESTMENT VEHICLE & NEW M&A GROWTH ENGINE Mobilizing the right mechanisms and teams at Rafael to work with tech ventures TECHNOLOGY SPINOFFS DESIGN GATEWAY INTO VALIDATION &
Slide 9: M&A and Investment Model Structure
M&A Growth Engine M&A and Investment Model Structure Elron and Rafael have each approved an initial budget of $100M ($50M each) M&A VC INVESTMENTS MAJORITY OWNERSHIP EQUITY INVESTMENTS EARLY STAGE EARLY GROWTH DUAL-USE DEFENSE TECH DEEP TECH DEFENSE TECH CYBERSECURITY AI ELRONVENTURES.COM This slide
Slide 10: M&A Investment Plan: Initial Budget
M&A Growth Engine M&A Investment Plan: Initial Budget INCREASING CASH RESERVES TO CREATE SHAREHOLDER VALUE THROUGH ACQUISITIONS AND SCALE RDC INITIAL INVESTMENT PLAN: $100M RAFAEL FINANCING ELRON FINANCING* RDC INITIAL BUDGET $50M $50M $100M TOTAL (CONSOLIDATED) POTENTIAL AVAILABLE LIQUID RESOURCES*
Slide 11: Elron's Early-Stage Cybersecurity Micro-Fund
Our Micro-Fund: Elron’s Early-Stage Cybersecurity Micro-Fund: Our Deal Flow Engine Powered by CISOs, VARs, and Cyber & AI Experts Investments made by CISOs, VARs and cyber/AI experts, with resumes from leading global organizations. WHY NOW, MORE THAN EVER The AI revolution is reshaping cybersecurity
Slide 12: Meet Elron Management Team
Meet Elron Management Team: Knowledge & Experience Combined to accelerate investment scaling and growth. Lisya Bahar Yaniv Shnieder Rony Gur Arie CEO CFO Manoah Chairperson Managing Partner @ Arieli Group, the Seasoned technology leader with 25 years Joined Elron Ventures 10 years ago. controlling s
Slide 13: Elron's joint team with Rafael
Meet Elron Team: Elron’s joint team with Rafael Lisya Bahar Manoah Chairperson Yaniv Shnieder CEO Co-CEO @RDC Rony Gur Arie CFO Liat Shechter Nakash Lior Levinsky CFO@RDC The strength of our Co-CEO @RDC General Counsel in Rafael team lies in seamless collaboration and extensive expertise. Erez Berko
Slide 14: Our Portfolio & Recent Investments
Our Portfolio & Recent Investment ELRONVENTURES.COM s
Slide 15: Elron Portfolio Snapshot
Elron Portfolio Snapshot Companies crossing all stages as a growth catalyst for the coming years Legend Cybersecurit y Medtech New SaaS Deep Tech / Defense Tech Seed Round A Round B Round C D E → E→ ELRONVENTURES.COM Investor 15 Deck //
Slide 16: Portfolio Overview
Portfolio Overview Growth Companies NOTAL BITSIGHT AXONIUS EDGE 226 VISION Cybersecurity ratings and risk intelligence for organizations Cybersecurity asset management platform that Remote monitoring of patients with age- 8% Performance- based ad 24% related macular Our Our (**) secures and manages
Slide 17: Portfolio Overview: Early Growth Companies
Portfolio Overview: Early Growth Companies New WONDER ADDIONICS RAVEN CYVERS ROBOTICS Advanced current Cryptocurrency attack detection in real-time 26% Intelligent and robust 360° self- awareness 30% * collectors for 3% * Runtime application protection that stops 10% improving battery malicious code
Slide 18: CyberRidge
Dual-Use Deep Tech CyberRidge Post-Quantum Optical Security for Data-in-Transit No algorithm, AI model, or quantum computer can decrypt data that was never a decipherable signal – only CyberRidge’s proprietary photonic key, changing every fraction of a second, can recompose it, and only in that exac
Slide 19: Addionics
Dual-Use Defense Tech Addionics Redesigning battery architecture – higher performance, lower cost, any chemistry Addionics doesn’t bet on a battery chemistry – it makes every chemistry better, already at commercial scale, and built for the always-on AI era. Physics, Not Defense: Live Design Autonomo
Slide 20: Raven
Cybersecurity Raven Runtime protection that stops malicious code before it runs – CVE or not 70% of enterprise exploits have no CVE at the time of attack – Raven stops malicious code the moment it would execute, inside the application, in real time. Runtime, Not A $47.55B Market by Platform, Not Poi
Slide 21: Thank You!
Thank You! ELRONVENTURES.COM Lisya Bahar Yaniv Shnieder Manoah CEO Active Chairperson lisya@elron.com yaniv@elron.com
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