Former NBA star Omri Casspi has closed the $250 million fundraising for his third fund, Swish Ventures, bringing the firm’s total assets under management (AUM) to approximately $800 million.

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Omri Casspi, the first Israeli player to play in the NBA, has raised $250 million for the third fund of his venture capital firm Swish Ventures, bringing its total assets under management to approximately $800 million. The new fund plans to invest in around 12 startups, with an average deal size of roughly $20 million, focusing primarily on four sectors: cybersecurity, artificial intelligence, defense, and infrastructure. It targets seed and Series A stages, and can either co-lead rounds with other funds or participate as an investor in financing rounds. The firm also operates an opportunity fund to continue adding to its existing portfolio companies in later growth stages. Swish Ventures has become an active player in Israel’s venture capital ecosystem, with a portfolio spanning multiple cybersecurity and deep tech sectors. Casspi gradually transitioned to a tech investor after retiring from professional basketball.

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