Venture Capital

Former basketball player and venture capitalist Omri Casspi has completed a $250 million raise for his third fund. The total volume of assets under management at Swish Ventures has reached $800 million.

The new fund of the former NBA player will invest in about 12 startups in the fields of cyber, AI, and defense. Following the raise, the assets under management of Swish grow to about $800 million.

Senior venture capital investor Oren Zeev criticizes the trend of incorporating startups in Israel, warning that choosing the US (Delaware) over Israel can save founders millions in taxes and avoid critical regulatory risks.

David Tisch, heir to a New York wealth dynasty and a sports card collector at heart, refused to follow the rules of the big funds. Now, as the company he invested in was acquired for $60 billion in the largest venture deal in history, his low-profile approach is beating the Silicon Valley giants.

Andreessen Horowitz (a16z), one of Silicon Valley's largest venture capital firms, is under investigation by the US Department of Justice. The probe focuses on potential antitrust violations regarding the presence of fund partners on the boards of competing companies.

Chemi Peres, co-founder of the Pitango fund, presented a concept for Israel's development based on innovation and mutual responsibility. He emphasized the importance of preparing for future crises by strengthening civil society institutions.

$265 million will be invested in young companies at the seed and Series A stages, including in the fields of software infrastructure and artificial intelligence, and more than $100 million is intended for follow-on investments in portfolio companies. The new fund has already recorded its first exit with the sale of Koi Security to Palo Alto Networks for approximately $400 million.