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      Former NBA player Omri Casspi's Swish Ventures completes $250 million third fund raise, focusing on AI and other fields

      PANews reported on September 4, according to ynetnews, that former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm Swish Ventures, bringing the firm's total assets under management to approximately $800 million. Investors in the new fund include Sequoia Capital, U.S. pension funds, U.S. universities, and family offices. The new fund is expected to invest in about 12 startups, with an average investment of around $20 million per company, focusing on seed and Series A rounds across areas including cybersecurity, technology infrastructure, physical AI, defense, industrial AI, and government technology.

      Since its inception, Swish has invested in 20 companies, 8 of which have become unicorns, with a total portfolio valuation exceeding $60 billion. It previously participated in a $7 million seed round for the Web3 company Antic and a $13.5 million financing round for the Web3 identity verification startup Dynamic.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud