Jerusalem, 2 June, 2026 (TPS-IL) — Tel Aviv-based Elron Ventures, a publicly traded technology investment company, announced a commitment of up to $300 million with Israel’s Rafael Advanced Defense Systems to pursue acquisitions of dual-use technology companies serving both defense and civilian markets.
The investment will be made through Rafael Development Corporation (RDC), the companies’ joint venture, with Elron and Rafael expected to fund the initiative equally over approximately three years, subject to required approvals. An initial allocation of $100 million is expected pending budget approval.
Elron said the strategy is intended to capitalize on growing global demand for dual-use technologies amid rising defense spending.