A Solo Act: Ashley Smith's Venture Fund Puts Spotlight on Founder Backer Synergy Ashley Smith, a solo GP in venture capital, has announced the close of her second fund, Vermilion Cliffs Ventures II.
The $25 million fund focuses on investing in startups that specialize in AI infrastructure, security, and dev tools.
Vermilion Cliffs Ventures II will invest in at least 25 companies over two and a half years, with an average check size between $500,000 and $1 million.