Protego Ventures Fund I

Protego Ventures

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Status

ACTIVE

Global HQ

Tel Aviv, Israel

Countries of investment

Israel

Investment stages

Series A
Series B
Series C

Industries

Defence Tech
Drones
UAVs
Sensors
Cybersecurity
AI/ML
Autonomous Systems

About
Protego Ventures is a Tel Aviv-based venture capital firm founded in 2024 by Lital Leshem and Lee Moser to address critical defence and security needs in Israel and globally. It invests in Israeli defence technology companies. The firm supports companies from Series A through Series C and raised a $125M debut fund.

Min check size: $5M
Max check size: $50M
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Investment Thesis

Protego Ventures is a growth-stage venture capital firm and Israel's first fund dedicated exclusively to defence technology. It backs companies from Series A onwards that already have product-market fit and work with government agencies, across sensors, cybersecurity, AI and machine learning, drones and UAVs, with cheques of $5M to $20M. The firm differentiates itself through deep access to battle-tested Israeli defence innovation and a strong base of US institutional investors.

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Manager's Experience

Founded in 2024 in Tel Aviv, Israel, as the country's first venture fund dedicated exclusively to defence technology. Led by Lital Leshem (Co-founder and Managing Partner), who co-founded Carbyne before its $625M sale to Axon, and Lee Moser (Co-founder and General Partner), a founding partner of AnD Ventures and former chief of staff to Ambassador Michael Oren. Closed its debut fund at $125M with Israeli institutions and US investors including Ares Management. Portfolio includes XTEND, which reached a $1.5B valuation through a Nasdaq merger, ASIO Technologies and Rilian. Invests in battle-tested Israeli defence companies from Series A onwards.