New $125M Fund to Back Israeli Military Technology

Protego Ventures has raised $125 million for its first fund backing Israeli military technology companies, TechCrunch reported September 29, 2026. The two-year-old investment firm, led by Lital Leshem and Lee Moser, calls itself Israel’s first and largest investor focused only on defense. It will invest $5 million to $50 million per company, short of its $150 million goal.