Omri Casspi's Swish Ventures Closes $250 Million Fund

Omri Casspi has announced the successful closing of his third fund for Swish Ventures, raising $250 million. This brings the total assets under management for the venture capital firm to approximately $800 million.

The new fund will focus on early-stage investments, specifically Seed and Series A rounds, in startups operating in sectors such as cyber, technological infrastructure, physical AI, defense, AI for industry, and government technology. Swish Ventures plans to invest in around 12 companies, with an average investment of approximately $20 million per company, often co-investing or joining as a follow-on investor. The fund's strategy is supported by the Opportunity Fund, enabling investments from seed to growth stages.

Since its inception, Swish Ventures has invested in 20 companies, eight of which have achieved unicorn status, with a combined portfolio valuation exceeding $60 billion. Notable portfolio companies include Cognition AI, Applied Compute, and EON.

Swish Ventures was launched in early 2025 by founder and sole managing partner Omri Casspi. Investors in the third fund include previous Swish backers as well as new limited partners, such as Sequoia Capital, U.S. institutional investors including pension funds, leading American universities, and family offices.

Casspi stated, "The completion of our third fund raise in a short period, with the support of some of the world's leading institutional investors, is first and foremost an expression of confidence in the entrepreneurs we support, and the credit belongs to them. For us, the new fund is a direct continuation of our focused strategy. We want to be the most significant partners to the world's leading entrepreneurs. We believe in precisely selecting a small number of exceptional entrepreneurs each year, allowing us to serve as true partners on their journey."