According to ME News, on September 3 (UTC+8), Omri Casspi, the first Israeli basketball star to join the NBA, announced that his venture capital firm, Swish Ventures, has completed fundraising for its third fund, raising $2.5 billion. This brings the firm’s total assets under management (AUM) 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 primarily on cybersecurity, artificial intelligence, and infrastructure, with an emphasis on 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 valuation. The total valuation of its portfolio companies exceeds $60 billion. (Source: ODAILY)
Swish Ventures Completes $250 Million Third Fund Raise, AUM Reaches $800 Million
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Summary
Swish Ventures, a venture firm co-founded by former NBA player Omri Casspi and spun out of MetaEra, has closed its third fund at $250 million, bringing its assets under management to $800 million. The fund will invest in approximately 12 startups, averaging $20 million per investment, with a focus on AI, cybersecurity, and infrastructure. To date, Swish has backed 20 companies, eight of which are unicorns with a combined valuation exceeding $60 billion. The firm’s new token listing strategy aligns with its focus on on-chain news.
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