Protego Ventures Raises $70 Million for Defense Tech

• Protego Ventures, Israel's first defense-focused VC fund has raised $70M to invest in defense tech.
• Led by Lital LeshemDealroom has a profile for this one. Try Dealroom → andLee MoserDealroom has a profile for this one. Try Dealroom →, the VC aims to raise $200M by the close of this fund.
• The firm has invested $5M in drone company XTEND, exploring more defense tech startups.
• Lital co-founded startup Carbyne, while Lee Moser is a founding partner at AnD Ventures.Dealroom has a profile for this one. Try Dealroom →
• The firm aims to capitalize on global interest in military tech, especially unmanned and AI systems.

Source:  CTech By Calcalist

B.O