# August Capital: portfolio, investments and team

> August Capital is a vc firm based in United States. 191 investments on record, 1 in the last 12 months, latest Feb 2026.

Source: https://millionrounds.com/fund/august-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# August Capital

Last cheque observed Feb 2026; 191 cheques on record.

Email

Deploying now New fund $5.5M, Aug 2018 VC firm

Seed Series A Series B AI & Machine Learning Advertising (AdTech) Apps

Follow August Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Faugust-capital)

Deploying now

**50%** of best year **1** **cheques in 12 months**, 191 on record

Since the last cheque **247** days **00** hrs **00** min **00** sec

Median round **$23M** Cheque size, as they say **$1.0M – $30M** Rounds led **4 of 191** Sole investor **16 rounds** Exits **35 from the portfolio** Mostly in **United States, 97%**

Pitch August Capital

## August Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 51% of its rounds
- 03 Sole investor in 16 rounds, median $7.0M
- 04 35 exits from the portfolio

## What they do

> At August Capital we take venture capital personally From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $30M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** AI & Machine Learning Advertising (AdTech) Apps
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **191 appearances**

- **2026** 1 round
- **Feb** **[UpGuard](https://millionrounds.com/company/upguard)** Series C · Ventureburn **$75M** With 6 others
- **2025** 1 round
- **Jul** **[MaintainX](https://millionrounds.com/company/maintainx)** Series D · US · Crunchbase News **$150M** With 10 others
- **2021** 1 round
- **May** **[Amount](https://millionrounds.com/company/amount)** Growth · US · August Capital **$99M** With 1 other
- **2019** 7 rounds
- **Dec** **[Reelgood](https://millionrounds.com/company/reelgood)** Series A · US · TechCrunch **$6.8M** With 1 other
- **Dec** **[Workona](https://millionrounds.com/company/workona)** Seed · US · FinSMEs **$6.0M** With 1 other
- **Jul** **[HipCamp](https://millionrounds.com/company/hipcamp)** Series B · US · FinSMEs **$25M** With 4 others
- **Jun** **[Spring Labs](https://millionrounds.com/company/spring-labs)** Series A · US · FinSMEs **$23M** With 7 others
- **Mar** **[MaintainX](https://millionrounds.com/company/maintainx)** Seed · US · FinSMEs **$3.8M** *Led*
- **Feb** **[HiHello](https://millionrounds.com/company/hihello)** Seed · US · TechCrunch **$2.5M** *Led*
- **Feb** **[FourKites](https://millionrounds.com/company/fourkites)** Series C · US · FinSMEs **$50M** With 3 others
- **2018** 2 rounds
- **Oct** **[ShopRunner](https://millionrounds.com/company/shoprunner)** US · Builtinchicago **$30M** Sole investor
- **Jun** **[Kin](https://millionrounds.com/company/kin)** US · FinSMEs **$13M** Sole investor
- **2016** 3 rounds
- **Sept** **[GitLab](https://millionrounds.com/company/gitlab)** Series B · US · TechCrunch **$20M** *Led*
- **Jan** **[Kentik](https://millionrounds.com/company/kentik)** **$23M** With 11 others
- **Jan** **[Tegile](https://millionrounds.com/company/tegile)** **$24M** *Led*
- **2015** 18 rounds
- **Sept** **[Avant](https://millionrounds.com/company/avant)** Series E · US **$325M** With 6 others
- **Sept** **[HouseCall](https://millionrounds.com/company/housecall)** Series A · US **$6.0M** With 2 others
- **Sept** **[ADARA](https://millionrounds.com/company/adara)** Series C · US **$23M** With 4 others
- **Sept** **[CommonBond](https://millionrounds.com/company/commonbond)** Series B · US **$35M** With 7 others
- **Aug** **[Mirantis](https://millionrounds.com/company/mirantis)** Series C · US **$100M** With 6 others
- **Aug** **[Massdrop](https://millionrounds.com/company/massdrop)** Series B · US **$40M** With 3 others
- **Aug** **[Fastly](https://millionrounds.com/company/fastly)** Series D · US **$75M** With 4 others
- **Jun** **[Kentik](https://millionrounds.com/company/kentik)** Series A · US **$12M** With 5 others
- **Jun** **[Celect](https://millionrounds.com/company/celect)** Series A · US **$5.0M** With 1 other
- **Jun** **[AppFormix](https://millionrounds.com/company/appformix)** Series A · US **$7.0M** Sole investor
- **May** **[Tegile Systems](https://millionrounds.com/company/tegile-systems)** Series D · US **$70M** With 6 others
- **Apr** **[DataTorrent](https://millionrounds.com/company/datatorrent)** Series B · US **$15M** With 4 others
- **Apr** **[RetailNext](https://millionrounds.com/company/retailnext)** Series E · US **$125M** With 7 others
- **Apr** **[Palerra Inc.](https://millionrounds.com/company/palerra-inc)** Series B · US **$17M** With 3 others
- **Mar** **[Stance](https://millionrounds.com/company/stance)** Series C · US **$50M** With 6 others
- **Feb** **[Urban Airship](https://millionrounds.com/company/urban-airship)** Series D · US **$9.0M** With 4 others
- **Feb** **[Bill.com](https://millionrounds.com/company/bill-com)** Series F · US **$50M** With 8 others
- **Jan** **[Beckon, Inc.](https://millionrounds.com/company/beckon-inc)** Series B · US **$13M** With 3 others
- **2014** 24 rounds
- **Dec** **[Open Garden](https://millionrounds.com/company/open-garden)** Series A · US **$11M** With 4 others
- **Dec** **[Avant](https://millionrounds.com/company/avant)** Series D · US **$225M** With 5 others
- **Nov** **[DITTO.com](https://millionrounds.com/company/ditto-com)** Venture · US **$5.0M** With 1 other
- **Nov** **[Quandl](https://millionrounds.com/company/quandl)** Series A · CA **$5.4M** Sole investor
- **Oct** **[Urban Airship](https://millionrounds.com/company/urban-airship)** Series D · US **$12M** With 2 others
- **Oct** **[Mirantis](https://millionrounds.com/company/mirantis)** Series B · US **$100M** With 5 others
- **Sept** **[Netpulse](https://millionrounds.com/company/netpulse)** Series D · US **$19M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **10 named**

AR **Andrew Rappaport** Managing Member of the General Partner. i Filing they signed

DF **David F. Marquardt** Managing Member of the General Partner. i Filing they signed

DM **David M. Hornik** Managing Member of the General Partner. i Filing they signed

EW **Eric W. Carlborg** Member of the General Partner i Filing they signed

HE **Howard Eric Hartenbaum** Managing Member of the General Partner. i Filing they signed

JB **John B. Jones III** Member of the General Partner i Filing they signed

JR **John R. Johnston** Managing Member of the General Partner. i Filing they signed

VM **Villi M. Iltchev** Member of the General Partner i Filing they signed

VF **Vivek F. Mehra** Managing Member of the General Partner. i Filing they signed

WE **W. Eric Carlborg** Member of the General Partner i Filing they signed

We also hold **23** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**12** of 17 we have independently watched raise

[Avant](https://millionrounds.com/company/avant)[Fastly](https://millionrounds.com/company/fastly)[Fourkites](https://millionrounds.com/company/fourkites)[Hipcamp](https://millionrounds.com/company/hipcamp)[Kin](https://millionrounds.com/company/kin-insurance)[Patientiq](https://millionrounds.com/company/patientiq)[Pubmatic](https://millionrounds.com/company/pubmatic)[Sendbird](https://millionrounds.com/company/sendbird)[Splunk](https://millionrounds.com/company/splunk)[Turo](https://millionrounds.com/company/turo)[Wepay](https://millionrounds.com/company/wepay)[Zulily](https://millionrounds.com/company/zulily) Bill Company Ebates Integralads Tryhousecall

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **35 in all**

**[zulily](https://millionrounds.com/company/zulily)** Bought by Liberty Interactive Corporation **$2.4B** Aug 2015

**[Mavenir Systems](https://millionrounds.com/company/mavenir-systems)** Bought by [Mitel Networks Corporation](https://millionrounds.com/fund/mitel-networks-corporation) **$560M** Mar 2015

**[Rocketmiles](https://millionrounds.com/company/rocketmiles)** Bought by Priceline **$20M** Feb 2015

**[Luminate](https://millionrounds.com/company/luminate)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** Sept 2014

**[Summit Microelectronics](https://millionrounds.com/company/summit-microelectronics)** Bought by [Qualcomm Incorporated](https://millionrounds.com/fund/qualcomm-incorporated) **Undisclosed** Jun 2014

**[Bubbli](https://millionrounds.com/company/bubbli)** Bought by [Dropbox](https://millionrounds.com/fund/dropbox-ventures) **Undisclosed** May 2014

**[Adchemy](https://millionrounds.com/company/adchemy)** Bought by WalmartLabs **Undisclosed** May 2014

**[Gravity](https://millionrounds.com/company/gravity)** Bought by [AOL](https://millionrounds.com/fund/aol) **$91M** Jan 2014

**[Scintera Networks](https://millionrounds.com/company/scintera-networks)** Bought by Maxim Integrated Products **Undisclosed** Jan 2014

**[Alta Devices](https://millionrounds.com/company/alta-devices)** Bought by [Hanergy Holding Group](https://millionrounds.com/fund/hanergy-holding-group) **Undisclosed** Dec 2013

**[zulily](https://millionrounds.com/company/zulily)** Listed **$263M** Nov 2013

**[Livemocha](https://millionrounds.com/company/livemocha)** Bought by Rosetta Stone **Undisclosed** Apr 2013

**[Virsto Software](https://millionrounds.com/company/virsto-software)** Bought by [VMware](https://millionrounds.com/fund/vmware) **Undisclosed** Feb 2013

**[BroadLogic Network Technologies](https://millionrounds.com/company/broadlogic-network-technologies)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **Undisclosed** Jan 2013

**[threadsy](https://millionrounds.com/company/threadsy)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Aug 2012

**[Splunk](https://millionrounds.com/company/splunk)** Listed **$230M** Apr 2012

**[Ubicom](https://millionrounds.com/company/ubicom)** Bought by [Qualcomm Incorporated](https://millionrounds.com/fund/qualcomm-incorporated) **Undisclosed** Mar 2012

**[Unity Semiconductor](https://millionrounds.com/company/unity-semiconductor)** Bought by [Rambus](https://millionrounds.com/fund/rambus) **$35M** Feb 2012

**[OPENLANE](https://millionrounds.com/company/openlane)** Bought by KAR Auction Services **$210M** Aug 2011

**[Six Apart](https://millionrounds.com/company/six-apart)** Bought by Infocom **Undisclosed** Jan 2011

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$5.5M**

raised in Aug 2018

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$23M** the round, not its cheque Alone, median **$7.0M**

Led 4 of 191 rounds **2%**

- **Said size:** $1.0M – $30M
- **Sole investor:** 16 rounds
- **Last cheque:** Feb 2026
- **Exits:** 35 from the portfolio

Rounds by stage said on their site

- Series A said *44*
- Series B said *43*
- Series C *36*
- Series D *21*
- Venture *18*
- Series E *10*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 13
- [Mayfield Fund](https://millionrounds.com/fund/mayfield) 11
- [Canaan](https://millionrounds.com/fund/canaan-partners) 10
- [Icon Ventures](https://millionrounds.com/fund/icon-ventures) 10
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 10
- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 9

**Pitching August Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as August Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Kleiner Perkins Caufield & Byers** VC firm **13** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Mayfield Fund** VC firm **11** rounds together](https://millionrounds.com/fund/mayfield)[**Canaan** VC firm **10** rounds together](https://millionrounds.com/fund/canaan-partners)[**Icon Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/icon-ventures)[**Shasta Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/shasta-ventures)[**First Round Capital** VC firm **9** rounds together](https://millionrounds.com/fund/first-round-capital)[**Google Ventures** Corporate VC **9** rounds together](https://millionrounds.com/fund/gv)[**Jafco Ventures** Growth equity **9** rounds together](https://millionrounds.com/fund/jafco-ventures)[**DCM Ventures** Private equity **8** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Maveron** VC firm **8** rounds together](https://millionrounds.com/fund/maveron)[**New Enterprise Associates** VC firm **8** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Nokia Growth Partners** VC firm **8** rounds together](https://millionrounds.com/fund/nokia-growth-partners)

## Recently backed

The latest companies August Capital put money into.

[**UpGuard** $75M · Feb 2026](https://millionrounds.com/company/upguard)[**MaintainX** $150M · Jul 2025](https://millionrounds.com/company/maintainx)[**Amount** $99M · May 2021](https://millionrounds.com/company/amount)[**Reelgood** $6.8M · Dec 2019](https://millionrounds.com/company/reelgood)[**Workona** $6.0M · Dec 2019](https://millionrounds.com/company/workona)[**HipCamp** $25M · Jul 2019](https://millionrounds.com/company/hipcamp)

## On podcasts

1 episode naming August Capital in the title, and 4 more that mention it.

- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 24 Jun 2016 · 25 min SaaStr 033: The Fundamental Challenges of SaaS M&A with Villi Iltchev, Partner @ August Capital With [Villi Iltchev](https://millionrounds.com/person/villi-iltchev) Mentions [August Capital](https://millionrounds.com/fund/august-capital) Apple PodcastsShow page

### Mentioned in

- [VC10X](https://millionrounds.com/podcasts/vc10x) 7 Jul 2026 · 49 min VC10X - Dancing Among The Giants with David Hornik, Founding Partner, Lobby Capital Apple PodcastsShow page
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 4 Jun 2025 · 44 min The New World of VC and Building a Durable Firm with Category Ventures' Villi Iltchev Apple PodcastsShow page
- [VC10X](https://millionrounds.com/podcasts/vc10x) 1 Aug 2023 · 39 min VC10X - He passed on Uber & LinkedIn! - David Hornik, Founding Partner, Lobby Capital Apple PodcastsShow page
- [The Silicon Valley Podcast](https://millionrounds.com/podcasts/the-silicon-valley-podcast) 23 Apr 2020 · 38 min 027 Silicon Valley Legend Steve Hoffman part 2 Apple PodcastsShow page

## Quick answers about August Capital

### What does August Capital invest in?

August Capital invests most often at Series A and Series B (51% of the rounds on record), in sectors such as AI & Machine Learning, Advertising (AdTech) and Apps.

### How active is August Capital?

191 investments on record, 1 of them in the last 12 months, and it led 4. The most recent was in Feb 2026.

### What has August Capital invested in recently?

Its most recent investments on record: UpGuard (Series C, Feb 2026), MaintainX (Series D, Jul 2025) and Amount (Growth, May 2021).

### How big are August Capital's cheques?

The median round it joins is $23M. It says it writes cheques of $1.0M to $30M.

### Does August Capital lead rounds?

Sometimes: it led 4 of its 191 investments on record (2%).

### Where does August Capital invest?

Most of the companies it backs are in the United States (97%).

### Is August Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does August Capital invest alongside?

Most often Kleiner Perkins Caufield & Byers (13 rounds together), Mayfield Fund (11 rounds together) and Canaan (10 rounds together).

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