PSG Equity Acquires Elron Ventures' Shares in IronScales
November 20, 2024
PSG Equity purchased Elron Ventures' secondary stake in IronScales at an approximate company valuation of $340 million. The secondary sale generated estimated proceeds of $26 million for Elron and reflects a roughly 23x return on Elron's original investment; IronScales is an AI-powered email security provider.
- Buyers
- PSG Equity
- Targets
- IronScales
- Sellers
- Elron Ventures
- Industry
- Cybersecurity
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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