BlockBeats news: On September 3, Omri Casspi, the first Israeli player to join the NBA, raised $250 million for the third fund of his venture capital firm, Swish Ventures, bringing the firm’s total assets under management to approximately $800 million. The new fund plans to invest in around 12 startups, with an average investment of $20 million per company, primarily focusing on four sectors: cybersecurity, artificial intelligence, defense, and infrastructure. Investment stages will primarily target seed and Series A rounds, with the option to co-lead rounds with other funds or participate as a follow-on investor. The firm also operates an opportunistic fund to make additional investments in portfolio companies during later growth stages.
Swish Ventures has become an active force in Israel’s venture capital ecosystem, with a portfolio spanning multiple cybersecurity and deep tech sectors. After retiring from professional basketball, Casspi gradually transitioned into a technology investor.