Venture capital fund Swish Ventures has completed a $60 million fundraising, which will be invested in areas such as Web3 and AI

ChainCatcher news, according to TechCrunch, former NBA star Omri Casspi's venture capital fund Swish Ventures has completed a $60 million fundraising, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. Investors participating in the fund's raise include EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz.

The fund plans to support 10 companies, with each investment ranging from $5 million to $7 million.

Swish Ventures is Casspi's second fund following the launch of the $36 million fund Sheva Capital in 2022. Casspi stated that since the investment period for Sheva has ended, he is responsible for managing Sheva's portfolio.