Elron Ventures exits Cyber Company IronScales through a secondary sale to PSG Equity
Nov 20, 2024•about 1 year ago
Acquiring Company
PSG Equity
Acquired Company
IRONSCALES
AtlantaIT Services and IT ConsultingDescription
Elron Ventures has announced a secondary sale of its shares in cyber portfolio company IronScales to PSG Equity at a company valuation of approximately $340 million, reflecting a significant return on Elron's initial investment. The sale is part of a series of successful exits in Elron's cyber portfolio, which also includes recent acquisitions like Cybersixgill. IronScales, known for its AI-powered platform for email security, has been a valuable part of Elron's portfolio since its initial funding round in 2016 alongside Rafael Development Corporation.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
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Success factor
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