Startups · 2h ago
Solo GP Ashley Smith Closes Second $25M Fund for AI, Security Startups
Vermilion Cliffs Ventures, led by solo GP Ashley Smith, has closed a $25 million Fund II. The fund will invest in early-stage startups focused on AI, security, and other tech sectors. This marks Smith's second fund following a previous $25 million vehicle.
Meridian48 take
Solo GPs are gaining traction in venture capital, but Smith's ability to deploy capital effectively in competitive fields like AI and security will determine if this model scales beyond niche success.
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Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more →
TechCrunch
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