Omri Casspi Invests in Edelbyte, Whose Valuation Reaches $500 Million

In depth

Israeli company Edelbyte completed a fundraising round of $70 million at a valuation of $500 million. Among the investors is Omri Casspi, through his venture capital fund Swish Ventures. Casspi is a former NBA star.

The company was founded about a year ago, and about six months later completed the fundraising. Casspi did not hide his excitement: "I am proud to support." According to the details, Casspi was involved in the investment from the start, alongside some of the prominent names in the world of venture capital.

The investment drew interest due to the figure behind it and the jump in the company's valuation. Further details on the terms and the split among the investors were not disclosed.