TechFlow news — On December 3, according to TechCrunch, Swish Ventures, the venture capital fund founded by former NBA player Omri Casspi, has raised $60 million. The fund will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. It plans to back 10 companies, investing between $5 million and $7 million per deal.
Swish Ventures is Casspi’s second fund, following Sheva Capital, a $36 million fund launched in 2022. Casspi said that since Sheva Capital's investment period has ended, he now manages its portfolio. Investors participating in the fundraising include EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz.
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