Sheva

growth-positive

Former NBA star Omri Casspi is transitioning from Sheva, a venture capital fund he co-founded, to establish a new fund called Swish Ventures. Swish has successfully closed a $60 million seed fund with investors including Sequoia and other notable entrepreneurs. Casspis decision to leave Sheva stems from differing interests with his partner, David Citron, and a desire for a more international focus. Sheva, despite its success, will cease operations, but Casspi and Citron will continue follow-on investments. Casspis network and experience have positioned him well in the tech investment world, particularly in cybersecurity. Swish Ventures aims to leverage these connections and expertise to invest in promising startups.

growth-positive

Former basketball player Omri Casspi has launched an investment fund called Sheva, which focuses on investing in Israeli startups. The fund, which was established earlier this year, has so far raised about $35 million and plans to reach a total of $50 million. The fund invests in early-stage startups, providing checks of $1 million to $2 million per company. So far, the fund has invested in three companies in the fintech and cyber sectors, whose names have not been disclosed.

growth-positive

NBA star Omri Casspi has co-founded Sheva, a $50M early-stage investment fund focused on pre-seed, seed stage, and opportunistic series A investments. The fund has already invested in fintech, cyber security, and web3 ventures. Casspi believes that his experience as a professional athlete and team captain helps him assess founders and spot different elements in a tech company team. Sheva takes a smaller ownership stake in companies to create a better balance between investors and founders. They also prioritize diversifying their portfolio of first check investments rather than allocating a large portion of funding for follow-on rounds. Sheva actively engages with its LP base to facilitate direct investment opportunities in later-stage rounds. The fund is currently scouting for the next big company.

growth-positive

Former NBA player Omri Casspi and venture capitalist David Citron have launched Sheva, a $50 million venture capital fund aimed at investing in young startups. The fund is expected to invest between $1-2 million in each of 20 companies. The fund has already invested in three undisclosed projects since its first closing in March. While the fund is primarily aimed at Israeli entrepreneurs, it is open to investing in non-Israeli projects.