ELRON VENTURES STRENGTHENS BOARD AND EXECUTIVE LEADERSHIP TO ADVANCE ITS INVESTMENT AND M&A STRATEGY

Company plans to expand senior management and establish a Strategic Advisory Board

TEL AVIV, Israel, Nov. 3, 2026 /PRNewswire/ -- Elron Ventures Ltd. (TASE: ELRN) ("Elron"), a publicly traded investment company focused on early-growth investments in Defense Tech, Deep Tech, Cybersecurity and AI as well as M&A activities announced a series of appointments to its Board of Directors. The Company has also advanced its search for a new Chief Financial Officer (CFO) and other senior executives to support the continued execution of its investment and M&A strategy.

Arieli Group, Elron's controlling shareholder, is leading the ongoing efforts in collaboration with Elron's management to strengthen the company's leadership and professional capabilities, with a focus on advancing its business strategy and driving long-term shareholder value.

Mr. Dan Hoz, a member of the board of directors, has been appointed Interim Chairman. He previously served as Chairman at Elron, bringing extensive familiarity with the company's operations, portfolio companies and business strategy. Mr. Hoz is a seasoned technology executive with extensive experience managing global businesses and leading strategic and business initiatives. He previously served as Managing Director of Siemens EDA in Israel and Vice President at Siemens Digital Industries Software, and earlier as CEO of Valor.

Ms. Dana Gerner, former Chief Financial Officer of Cellebrite, has been appointed as an External Director. Ms. Gerner brings extensive global financial expertise and a proven track record in developing growth strategies, leading capital markets activities and investor relations, along with senior executive experience at global, publicly traded technology and business companies.

Mr. Ido Heller, CPA, has joined the Board as an Independent Director. A former senior partner at PwC Israel, Mr. Heller held several senior leadership positions, including Head of Audit and Chief Risk Officer. He brings extensive expertise in capital markets, financial reporting analysis, and risk management, as well as experience advising public companies and boards of directors in Israel and internationally. He is also familiar with Elron's business from his previous work with the company, in the capacity of auditor during his tenure at PwC. Heller currently serves as Co-CEO of Titan Group.

Mr. Yaniv Rog, an attorney with extensive experience providing legal, financial, and tax advisory services to public and private companies and controlling shareholders, has also joined the Board. Mr. Rog serves as a director of companies within the Alon Blue Square Group, including Dor Alon, as well as other companies across several sectors. He previously served as a Senior Partner at leading law firms, where he headed tax practices.

Elron previously announced an investment plan through Rafael Development Corporation Ltd. (RDC), the joint venture of Elron and Rafael Advanced Defense Systems Ltd. (Rafael), where the companies are equally funding a commitment of up to $300 million over a period of approximately three years, subject to the required approvals. The M&A strategy is focused on acquiring controlling stakes in dual-use technology companies serving both defense and civilian markets, alongside continued investment activity in early-growth companies across Cybersecurity, Deep Tech, Defense Tech and AI.

"We continue to execute on our investment and M&A strategy, and welcome the new board members, further demonstrating our commitment to enhancing the expertise and financial resources needed to execute on our strategy," said Yaniv Shnieder, CEO of Elron Ventures and Co-CEO of RDC. "We are actively working to execute on our strategy of identifying, acquiring and building impactful companies across defense and civilian markets, creating long-term value for our shareholders."

The Company also plans to further strengthen the senior management team and establish a Strategic Advisory Board to support the evaluation and execution of investment and acquisition opportunities. The M&A strategy strongly complements the Company's existing investment strategy, which is primarily based on exits and secondary transactions.

About Elron Ventures

Elron Ventures Ltd. ("Elron") is a technology investment firm focused on acquiring, investing in, and building companies across Defense Tech, Deep Tech, Cybersecurity, and AI. The Company operates through several investment vehicles, including RDC, CyberFuture, and Evergreen. In collaboration with Rafael Advanced Defense Systems, RDC is focused on acquisitions of early-stage dual-use and defense tech companies. Elron works closely with entrepreneurs and management teams to support the development and scaling of businesses addressing large and evolving markets, with a focus on infrastructure, mission-critical technologies, and long-term value creation. Elron is controlled by Arieli Group, a U.S.-based investment firm with extensive experience in private equity, venture capital, and international investments.

For more information, please visit www.elronventures.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws, including statements regarding market trends, demand for technology solutions, and Elron's investment strategy and future positioning. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may affect such outcomes include changes in market conditions, technological developments, competitive dynamics, portfolio company performance, and other risks beyond the Company's control. Elron undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Contact:

Investor Relations
Rony Gur Arie, Chief Financial Officer
Elron Ventures
+972-3-607-5555; ir@elron.com 

Media Relations
Maya Reitman, Head of Marketing
Elron Ventures
+972-3-607-5555; pr@elron.com 

SOURCE Elron Ventures