Swish Ventures, the venture capital firm founded by former NBA player Omri Casspi, has closed a $250 million third fund, bringing its assets under management to about $800 million. Backers include Sequoia Capital, U.S. pension funds, U.S. universities and family offices. The fund is expected to invest in around 12 startups, with average checks of roughly $20 million for seed and Series A rounds. Its investment areas include cybersecurity, technology infrastructure, physical AI, defense, industrial AI and government technology. Swish has invested in 20 companies since its launch; eight have reached unicorn status, while the portfolio’s combined valuation exceeds $60 billion. The firm has also backed Web3 company Antic and Web3 identity verification startup Dynamic.