Omri Casspi's Swish Ventures raises $250M for its third fund
What's the deal? Swish VenturesDealroom has a profile for this one. Try Dealroom →, the venture capital firm led by Omri Casspi, the first Israeli to play in the NBA, has raised $250 million for its third fund, the firm announced on Thursday. The close brings its total funding to $800 million.
What's the endgame? The fund will back about 12 early-stage startups, mainly at seed or Series A, with an average investment of $20 million. It targets cybersecurity, technology infrastructure, physical AI, defence, AI for industrial applications, and government technology.
Who's backing it? Casspi, the firm's sole managing partner, brought in new backers including US pension funds, leading American universities, family offices, and Sequoia CapitalDealroom has a profile for this one. Try Dealroom →.
"Closing our third fund in a short period of time, with the support of some of the world's leading institutional investors, is first and foremost a vote of confidence in the founders we back and the credit they deserve," Casspi said.
Why now? Swish was founded in early 2025 and has moved fast. In little more than a year, its portfolio companies have reached a combined valuation exceeding $60 billion.
Track record: The firm has invested in 20 companies, eight of which have become unicorns. Its portfolio includes Cognition AI, Applied Compute, EON, and Wonderful.
The signal: Casspi is betting on concentration over volume, writing large cheques into a small number of founders each year. "We believe in carefully selecting a small number of exceptional founders each year, allowing us to serve as true partners to them throughout their journey," he said.
Read more: jpost.com
Image credit: Generated with Gemini
