Charlesbank Invests $70M in Cyberbit Ltd.

May 19, 2020

Charlesbank Technology Opportunities Fund (managed by Charlesbank Capital Partners) invested $70 million in Cyberbit Ltd. in a combination of primary growth capital and a secondary purchase of shares from Elbit Systems Ltd.; existing investor Claridge Israel also participated. The funding will be used to accelerate development of Cyberbit's cyber range platform and expand global sales and marketing to meet rising demand for realistic cybersecurity training.

Buyers
Charlesbank Technology Opportunities Fund (managed by Charlesbank Capital Partners), Claridge Israel
Targets
Cyberbit Ltd.
Sellers
Elbit Systems Ltd.
Industry
Cybersecurity
Location
Israel
Transaction Type
Growth capital

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