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Former NBA star Omri Casspi's venture capital fund has completed a $60 million fundraising and will invest in AI, cloud infrastructure, and other fields.
According to the TechFlow news on December 3, former NBA star Omri Casspi founded the venture capital fund Swish Ventures has completed a $60 million fundraising, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. The fund plans to support 10 companies, with each investment ranging from $5 million to $7 million.
Swish Ventures is the second fund launched by Casspi after the $36 million fund Sheva Capital in 2022. Casspi stated that he is responsible for managing Sheva's investment portfolio as the investment period for Sheva has ended. Investors including EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz participated in the fundraising for this fund.