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Former Israeli NBA player Omri Casspi steps onto high-tech court as VC investor

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Less than a year after retiring from professional basketball, following a career highlight as the first Israeli player to break through in the NBA, Omri Casspi is stepping into the court of high-tech investments with a new $50 million venture capital fund.

Dubbed Sheva (seven in Hebrew), the fund is co-founded by Casspi and David Citron, a long-time venture capital investor and an Israel-based partner at San Francisco-headquartered Global Founders Capital, an investment company that has backed Slack, Facebook, Canva, and LinkedIn, among many others. Global Founders Capital’s Israeli portfolio includes Dynamic Yield, sold to McDonald’s in 2019, and then to Mastercard last year), and Next Insurance.

Casspi previously backed companies such as DocuSign and Israeli health tech company DayTwo as an angel investor, according to his announcement Monday.

Casspi’s new fund will focus on pre-seed and seed-stage investments in startups as well as “opportunistic series A” rounds, according to the announcement.

The fund hopes to invest about $1-$2 million each in 20 companies and, since starting operations earlier this year, says it has already made a number of investments in companies focused on fintech, cybersecurity, and Web3 ventures. The latter is an emerging industry of........

© The Times of Israel

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