Israeli former NBA star Omri Casspi immediately introduced the closing of Swish Ventures $250 million third fund. With the completion of the fundraise, the agency’s belongings below administration have grown to about $800 million.
The brand new fund plans to put money into some 12 corporations, with a median funding of round $20 million per firm, both as a co-lead investor alongside one other fund or as a taking part investor. The fund focuses on early-stage investments on the Seed and Sequence A phases and operates alongside an Alternative Fund, enabling Swish Ventures to put money into corporations from the Seed stage via development phases.
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The brand new fund will deal with startups working throughout cybersecurity, know-how infrastructure, Bodily AI, protection, AI for industrial functions, and authorities know-how.
Since its founding, Swish Ventures has invested in 20 corporations, eight of which have change into unicorns, with the mixed valuation of its portfolio corporations exceeding $60 billion. Notable portfolio corporations embrace 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 accomplice. The fund’s traders embrace present Swish backers in addition to new traders, together with Sequoia Capital, US institutional traders reminiscent of pension funds, main US universities, and household places of work.
Omri Casspi mentioned, “Closing our third fund in a brief time period, with the help of a few of the world’s main institutional traders, is at first 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 probably the most significant companions to the world’s main entrepreneurs. We imagine in rigorously choosing a small variety of distinctive founders annually, 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.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
