According to ChainCatcher, citing YNetNews, Israel’s first NBA star, Omri Casspi, announced that his venture capital firm, Swish Ventures, has completed fundraising for its third fund, raising $2.5 billion and increasing the firm’s total assets under management to approximately $8 billion. The new fund is expected to invest in around 12 startups, with an average investment of $20 million per company, focusing on cybersecurity, artificial intelligence, and infrastructure, primarily targeting seed and Series A rounds. Swish Ventures has already invested in 20 companies, including Cognition AI, Applied Compute, EON, Wonderful, and Upwind, eight of which have reached unicorn valuations, with the total valuation of its portfolio exceeding $60 billion.
Swish Ventures Completes $250M Fund III Raise, Focused on AI and Cybersecurity
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Summary
Swish Ventures has closed a $250 million raise for Fund III, bringing its total AUM to $800 million. The firm will invest in 12 startups, averaging $20 million per deal, with a focus on AI and crypto. Target sectors include cybersecurity, AI, and infrastructure, with a primary emphasis on seed and Series A rounds. Swish has already invested in 20 companies, including Cognition AI and Applied Compute, eight of which have reached unicorn status with a combined valuation exceeding $60 billion. On-chain data reflects continued interest in early-stage tech, with Swish’s strategy aligned to high-growth opportunities in the space.
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