Swish Ventures Raises $250 Million Third Fund, Assets Under Management Reach $800 Million

Former NBA player Omri Casspi announced that his venture capital firm, Swish Ventures, has completed fundraising for its third fund at $250 million. According to ChainCatcher, the firm’s assets under management have risen to about $800 million. The new fund is expected to back about 12 startups with an average investment of about $20 million per deal, focusing on cybersecurity, artificial intelligence, and infrastructure, mainly in seed and Series A rounds. Swish Ventures has invested in 20 companies, including Cognition AI, Applied Compute, EON, Wonderful, and Upwind, and eight of its portfolio companies have reached unicorn valuations. The combined valuation of its portfolio companies exceeds $60 billion.