GoKawiilProtego Ventures raises $125 million debut fund for Israeli defense startups
Protego Ventures, a two-year-old Israeli venture firm led by Lital Leshem and Lee Moser, has closed its first fund at $125 million, below its original $150 million target. The firm invests $5 million to $50 million per company in defense and security startups, with drone maker XTEND—now public on the NYSE—as its flagship investment. Ares Management backed the fund with $30 million as a limited partner.