Vermilion Cliffs Ventures Fund II

United States
Pre Seed
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About Vermilion Cliffs Ventures Fund II

Solo-GP firm founded by operator-turned-investor Ashley Smith, closed $25M Fund II for technical founders building in AI infrastructure, security, and developer tooling. Nearly doubled from $13M debut, raised in four months with 95% LP re-up. Anchored by LGT Capital Partners, Screendoor, and GEM.

Investment Focus

Location / RegionUnited States
Funding StagePre Seed
Industry Focus
Ai Ml
Cybersecurity
Developer Tools

Investor Signals Profile

active

Sweet Spot

Technical founder rebuilding dev stack for agent era

AI infrastructure
agent-era dev stack
security
developer tooling
PLG/SLG motion

Bullish Signals

95% Fund I LP re-up rateblog
$25M Fund II closed quicklywebsite
35 companies backed in Fund Iblog
Founder testimonials cite active strategic supportwebsite
Strong network intros across marketing/communitywebsite
Agent-era positioning, category-defining focuswebsite

Contrarian Signals

Solo GP, key-person concentration riskexisting
$25M fund size, limited follow-on capacityexisting

Founder Do's

Build technical products for developers/security
Have GTM and PLG questions ready
Target pre-seed or seed stage
Value operator hands-on help + network intros
Accept $500K-$1M check size

Founder Don'ts

Expect large follow-on reserves
Pitch non-technical buyer products
Need passive board-level generalist

Key GPs & Partners

AS
Ashley Smith
General Partner
ex-operatorhands-onPLG expert
MM
Meghan Murphy
Team Member
operator-friendlyhands-onGTM ops
VC
Vermilion (Team)
Investment Team
founder-firstcategory-definingagent-era focused

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Fund Overview

Fund Size$25M
Saves0

Key People

Ashley Smith

Ashley SmithGeneral Partner
Meghan MurphyTeam Member
Vermilion (Team)Investment Team

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