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Vermilion Cliffs Ventures closes $25M Fund II for AI and security startups
Key points
- Vermilion Cliffs Ventures raised $25M for its second fund.
- Focus on AI, security, and developer tools startups.
- Average check size will range from $500k to $1M.
Fund II Details
Vermilion Cliffs Ventures has closed its second fund, raising $25 million to back technical founders. The firm, led by Ashley Smith, aims to invest in startups operating in AI infrastructure, security, and developer tools, continuing its original investment thesis established in Fund I.
Investment Strategy
The firm plans to allocate capital into at least 25 companies over the next two and a half years. Smith indicated that the average investment per startup will fall between $500,000 and $1 million. So far, the firm has invested in six companies.
Background of Ashley Smith
Ashley Smith previously worked in marketing for major tech companies including Twilio, Facebook, GitHub, and GitLab. Smith emphasized her ambition to aid founders in developing effective go-to-market strategies, drawing from lessons learned during her career.
History of Vermilion Cliffs Ventures
Vermilion Cliffs Ventures was founded in 2023 and previously raised a $13 million debut fund, which supported 35 companies, including notable tech firms like cybersecurity startup Keycard and AI infrastructure company CopilotKit. Smith aims to help early-stage founders navigate complicated sales processes.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Vermilion Cliffs Ventures announced the closing of its second fund at $25 million, aimed at supporting early-stage startups in AI infrastructure, security, and developer tools. Founded by Ashley Smith, the firm plans to invest in at least 25 companies, leveraging her experience to assist founders with go-to-market strategies.