The venture capital fund founded by former NBA player Omri Casspi has raised $60 million and will be invested in AI, Web3, and other fields.

BlockBeatNews

2024-12-03 06:24:39

BlockBeats news, on December 3, according to TechCrunch, former NBA star Omri Casspi founded venture capital fund Swish Ventures has completed a $60 million fundraising, which will be invested in early-stage network security, cloud infrastructure, and AI startups. The fund plans to support 10 companies, with each transaction investing between $5 million and $7 million. Swish Ventures is Casspi’s second fund after launching the $36 million Sheva Capital fund in 2022. Casspi stated that he is responsible for managing Sheva’s portfolio as the investment period for Sheva has ended. Investors including EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz participated in the fundraising for this fund.

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