Solo GP Ashley Smith closes $25M second fund for Vermilion Cliffs Ventures to back AI, security, and dev tools startups
Summary
Solo general partner Ashley Smith has closed a $25 million second fund for Vermilion Cliffs Ventures, raised in roughly four months primarily from existing investors. The fund targets investments of $500,000 to $1 million in technical founders building AI infrastructure, security, and developer tools, with plans to back at least 25 companies over the next two and a half years. Six investments have already been made. The firm's first fund raised $13 million and backed 35 companies.
Source
bskySolo GP Ashley Smith closes $25M second fund for Vermilion Cliffs Ventures to back AI, security, and dev tools startupsbriefly.coKey quotes
· 3 pulledVermilion Cliffs Ventures closed a $25 million Fund II, raised in about four months with most capital from existing investors.
The fund targets average investments of $500,000 to $1 million and plans to invest in at least 25 companies over the next two and a half years.
Founded in 2023 by Ashley Smith, the firm operates as a solo women GP in venture capital.
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