Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more
TechCrunch·July 8, 2026
Ashley Smith, a solo general partner, has announced the launch of a second $25 million fund through Vermilion Cliffs Ventures. The new fund, known as Fund II, has officially closed with $25 million in capital. Vermilion Cliffs Ventures will utilize this fund to invest in startups focused on emerging technologies such as artificial intelligence and security. The firm's investment strategy aims to support innovative companies in these sectors.
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