According to ChainCatcher and reported by TechCrunch, the venture capital fund Swish Ventures, founded by former NBA star Omri Casspi, has completed fundraising of 60 million dollars. The fund will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. Investors participating in the fund's fundraising include EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz.
The fund plans to support 10 companies, with each transaction investing between 5 million and 7 million dollars.
Swish Ventures is the second fund launched by Casspi following the 36 million dollar fund Sheva Capital in 2022. Casspi stated that since the investment period for Sheva has ended, he is responsible for managing Sheva's portfolio.