Former NBA player raised $60M for Venture Fund

https://techcrunch.com/2024/12/02/omri-casppi-launches-60m-fund-for-cyber-cloud-and-ai-startups/

Former NBA athlete Omri Casspi has raised $60 million for his latest venture fund, Swish Ventures, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. The fund plans to back 10 companies, and will invest $5 million to $7 million per deal.

Swish Ventures is Casspi’s second fund following the launch of Sheva Capital, a $36 million fund, in 2022. Casspi said he manages Sheva’s portfolio now that its investment period has concluded. “I’m fully hands-on continuing the growth of our companies, but we will not be raising another fund under Sheva,” Casspi told TechCrunch, explaining his role in overseeing both funds.