Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more
Venture capitalist Ashley Smith has closed a $25 million second fund for her firm, Vermilion Cliffs Ventures, to invest in early-stage startups. The fund focuses on AI infrastructure, security, and developer tools, leveraging Smith's background in the tech industry.
Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II. The firm was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo women GPs in venture capital. Speaking to TechCrunch, Smith said this fund will continue the firm’s thesis of backing technical founders, specifically those building in AI infrastructure, security, and dev tools.
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