Smith’s rapid fundraise nearly doubles her debut size and underscores the viability of the solo GP model. Fund II will write checks up to $1M into technical startups, with six already backed.
Ashley Smith’s $25 million Fund II specifically targets cybersecurity among its core areas, providing capital and go-to-market expertise from her years at developer-focused companies to early-stage security founders.
Building on her debut fund’s backing of AI infrastructure company CopilotKit, Smith’s second fund doubles down on AI tooling, bringing capital and developer-marketing expertise to early-stage startups.