Rafael Development Corporation

About The Fund

Rafael Development Corporation (RDC) is the corporate venture capital arm of Rafael Advanced Defense Systems, focusing on the incubation and business development services within various high-tech sectors. Founded in 1993 and headquartered in Tel Aviv, Israel, RDC plays a pivotal role in nurturing promising technology firms by providing necessary capital and strategic support. They invest in a diverse range of industries including communications, agriculture, information technology, industry and manufacturing, medical devices, and the environmental sector, with an investment range that consistently stands at $4,000,000, reflecting their commitment to substantial funding. Additionally, they are deeply entrenched in the software (Web Marketplace SaaS, etc.), IT (including TMT), hardware (including manufacturing), energy, Internet of Things (IoT, including wearables), and clean technology spaces. RDC's relationship with Elron Ventures amplifies its investment capabilities, enabling a strategic expansion into the early-growth, deep-tech, and defense sectors, while also continuing to fortify the cyber defense and SaaS sectors. With a lineage connected to a storied defense systems pioneer, they emphasize long-term visions, seeking entrepreneurs with the drive to revolutionize their industries. Their portfolio encompasses a range of innovative companies such as Red Access, Tamnoon, Cyvers, Cynerio, Sixgill, Sayata, OpenLegacy, and Zengo. Elron Ventures, an integral arm of RDC's strategy, has been a respected brand within the Israeli Venture Capital world since 1962, pioneering early growth ventures and assisting in developing Israel's tech scene. RDC and Elron's joint strategy now revolves around leveraging their proficiencies and strategic alliances across myriad sectors to assist start-ups in evolving into global leaders. This is further evidenced by their new dividend distribution policy, intended to maximize returns for their shareholders. Elron Ventures' recent appointment of a former Rafael executive as CEO underscores their alignment with RDC's growth and innovation goals.