Omri Casspis Swish Ventures closes $250m fund
Israeli former NBA star Omri Casspi right this moment introduced the closing of Swish Ventures $250 million third fund. With the completion of the fundraise, the agency’s property underneath administration have grown to about $800 million.
The brand new fund plans to spend money on some 12 firms, with a mean funding of round $20 million per firm, both as a co-lead investor alongside one other fund or as a collaborating investor. The fund focuses on early-stage investments on the Seed and Collection A phases and operates alongside an Alternative Fund, enabling Swish Ventures to spend money on firms from the Seed stage by progress phases.
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The brand new fund will concentrate on startups working throughout cybersecurity, know-how infrastructure, Bodily AI, protection, AI for industrial purposes, and authorities know-how.
Since its founding, Swish Ventures has invested in 20 firms, eight of which have grow to be unicorns, with the mixed valuation of its portfolio firms exceeding $60 billion. Notable portfolio firms embody Cognition AI, Utilized Compute, EON, Great, Upwind, Lengthy Lake, Glow, Tenzai, PointFive, Irregular and Turnout.
Swish Ventures was based in early 2025 by Casspi, the fund’s founder and sole managing companion. The fund’s traders embody present Swish backers in addition to new traders, together with Sequoia Capital, US institutional traders comparable to pension funds, main US universities, and household workplaces.
Omri Casspi mentioned, “Closing our third fund in a brief time frame, with the help of a few of the world’s main institutional traders, is firstly a vote of confidence within the founders we again and the credit score they deserve. For us, the brand new fund is a direct continuation of our centered technique. We wish to be essentially the most significant companions to the world’s main entrepreneurs. We imagine in fastidiously deciding on a small variety of distinctive founders every year, permitting us to function true companions to them all through their journey.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 3, 2026.
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