Omri Casspi’s Swish Ventures Raises $60 Million for Cybersecurity, Cloud Infrastructure, and AI Startups
A New Chapter for the Former NBA Star
Table of Contents
Former NBA player Omri Casspi has made a bold move into the world of venture capital with the launch of his new fund, Swish Ventures. The fund has secured an impressive $60 million to invest in early-stage startups focusing on cybersecurity, cloud infrastructure, and artificial intelligence (AI). This marks Casspi’s second foray into venture capital, following the success of his previous fund, Sheva Capital, which raised $50 million in 2022.
While Sheva Capital had a broader investment scope encompassing fintech and web3 alongside cybersecurity, Swish Ventures is narrowing its focus to these three high-growth sectors. This strategic shift reflects the increasing investor interest in cybersecurity and AI, particularly in Israel and the U.S., where Casspi has concentrated his investments.
Building on Past Success
Casspi’s decision to launch Swish Ventures comes after successfully managing Sheva Capital’s portfolio through its investment period. He remains actively involved in overseeing both funds, ensuring continued growth for the companies within them. Notably, several founders from Sheva Capital are now investors in Swish Ventures, including Ophir Ehrlich (EON), Amiram Shachar (Upwind), and Gal Ben-David and Alon Arvatz (PointFive). This demonstrates a strong network of support and shared vision among these entrepreneurs.
A Focus on Seasoned Entrepreneurs
Swish Ventures will follow a similar investment thesis to Sheva Capital, seeking out seed investments in startups led by experienced entrepreneurs with the potential to build market-defining companies. This approach highlights Casspi’s belief in the importance of leadership and vision in driving successful ventures.
The Rise of Athletes as Venture Capitalists
Casspi is not alone in his transition from the sports world to venture capital. A growing number of athletes are making their mark in this field. Just last week, Giannis Antetokounmpo joined the ranks of venture capitalists, following in the footsteps of prominent figures like Serena Williams (Serena Ventures), Kevin Durant (35V), Stephen Curry (Penny Jar Capital), and Andre Iguodala (Mosaic General Partnership). This trend reflects a growing interest in leveraging business acumen and entrepreneurial spirit beyond traditional athletic pursuits.
A Strong Team for Success
Swish Ventures is further strengthening its team with the addition of Dana Alexandrovich as an operating partner. Alexandrovich brings extensive experience to the table, having served as the COO of Microsoft in Israel from 2021, leading sales operations across the Middle East and Africa. Her expertise will be invaluable as Swish Ventures navigates the dynamic world of venture capital.
A Bright Future for Swish Ventures
With a proven track record, a focused investment strategy, and a strong team, Swish Ventures is poised to make a significant impact in the cybersecurity, cloud infrastructure, and AI sectors. Casspi’s continued success in venture capital further solidifies his position as a trailblazer both on and off the court.
