SPORTS · VERIFIED DEVELOPMENT
Swish Ventures Launches $250 Million Fund for High-Tech Startups
WHY IT MATTERS
This significant investment will provide crucial funding for 12 high-tech startups, driving innovation and progress in key areas, and solidifying Israel's position as a hub for technological advancements.
What happened
Omri Casspi's firm, Swish Ventures, has announced a new $250 million fund dedicated to supporting 12 high-tech startups. The funding will be allocated to each startup with an average value of $20 million.
This significant investment is expected to boost the growth of innovative technologies in the region. The announcement highlights Casspi's commitment to fostering entrepreneurship and innovation in Israel.
The fund's focus on high-tech startups aims to drive progress in key areas such as artificial intelligence, cybersecurity, and more. With this substantial investment, Swish Ventures is poised to make a lasting impact on the startup ecosystem.
PRIMARY SOURCES
Firm led by first Israeli NBA player Omri Casspi opens new $250 million fund for high-tech startups
The Jerusalem Post · BY TOBIAS HOLCMAN · Discovery only; publisher copyright terms apply