Swish launches investment fund for basketball industry companies

The investment firm Swish announced the launch of a new fund targeting approximately 12 companies within the basketball sector. The firm intends to allocate an average of $20 million per investment to support development in the industry. Funding strategy focuses primarily on seed and Series A rounds, where Swish will act as either a co-lead investor or a participant alongside other financial entities. Beyond these initial investments, the firm maintains an Opportunity Fund designed to provide continued backing for companies as they reach later growth stages. This deployment of capital aims to support the ecosystem of startups associated with the sport.

• 6:36 PMYahoo Sports — The new fund is expected to invest in roughly 12 …