Huo Xing Cai Jing reports, according to ynetnews, former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, increasing the company’s total assets under management to approximately $800 million. New fund investors include Sequoia Capital, U.S. pension funds, U.S. universities, and family offices. The new fund is expected to invest in approximately 12 startups, with an average investment of $20 million per company, focusing on seed and Series A rounds in areas including cybersecurity, technology infrastructure, physical AI, defense, industrial AI, and government technology. Since its inception, Swish has invested in 20 companies, eight of which have become unicorns, with the total valuation of its portfolio exceeding $60 billion. Swish previously participated in Antic’s $7 million seed round and Dynamic’s $13.5 million funding round, both Web3 companies.
Swish Ventures closes $250 million third fund, focused on AI and tech infrastructure.
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Summary
Swish Ventures has closed its third fund at $250 million, focused on AI and tech infrastructure, bringing its total AUM to $800 million. The fund will invest in approximately 12 startups, with an average investment of $20 million per deal, targeting seed and Series A rounds in cybersecurity, physical AI, defense, and government technology. Investors include Sequoia Capital, U.S. pension funds, universities, and family offices. Since its launch, Swish has backed 20 companies, eight of which are unicorns, with a combined portfolio valuation exceeding $60 billion. The firm previously led the $7 million seed round for Web3 company Antic and the $13.5 million funding round for Dynamic, a Web3 identity verification startup. On-chain news continues to underscore growing interest in AI and crypto.
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