Former NBA star Omri Casspi’s Swish Ventures raises $250 million for its third fund to invest in AI and other sectors.

According to TechFlow, on September 3, YNetNews reported that Israeli basketball star Omri Casspi, the first to join the NBA, announced that his venture capital firm, Swish Ventures, has closed its $250 million third fund, bringing the firm's assets under management (AUM) to approximately $800 million. The new fund is expected to invest in around 12 startups, with an average investment of approximately $20 million per deal, focusing primarily on cybersecurity, artificial intelligence, infrastructure, and related sectors, mainly targeting seed and Series A financing rounds. To date, Swish Ventures has invested in 20 companies, including Cognition AI, Applied Compute, EON, Wonderful, and Upwind, eight of which have achieved unicorn valuations, bringing the total valuation of its portfolio companies to over $60 billion.