Ex-NBA athlete Omri Casspi launches $60M fund targeting cybersecurity, cloud infra and AI

NBA Veteran Omri Casspi Launches $60M Fund

Former NBA player Omri Casspi has raised $60 million for a new venture fund, Swish Ventures, that will invest in cybersecurity, cloud infrastructure, and AI startups.

Swish Ventures' Investment Focus

Swish Ventures will focus on investing $5-7 million per deal in 10 early-stage startups in cybersecurity, cloud infrastructure, and AI - a shift from the broader fintech and web3 focus of Casspi's previous fund, Sheva.

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Casspi's Venture Capital Background

Swish Ventures is Casspi's second fund, following the launch of Sheva Capital, a $36 million fund, in 2022. Casspi now manages the portfolio of Sheva and is launching the new $60 million Swish Ventures fund.

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Swish Ventures Investors

Several founders backed by Sheva are now investors in Swish Ventures, including EON founder Ophir Ehrlich, Upwind's founder Amiram Shachar, and PointFive's co-founders Gal Ben-David and Alon Arvatz. Sequoia Capital is an anchor investor in the new fund.

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