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.
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.
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.