# Lobby Capital: portfolio, investments and team

> Lobby Capital is a vc firm based in United States. 3 investments on record, 3 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Lobby Capital

Last cheque observed Sep 2026; 3 cheques on record.

Email

VC firm Deploying now Last fund, Aug 2024

Seed Series A Series B Generalist No Sector Industry-agnostic

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Deploying now

**100%** of best year **3** **cheques in 12 months**, 3 on record

Since the last cheque **50** days **00** hrs **00** min **00** sec

Median round **$8.2M** Rounds led **3 of 3**

Pitch Lobby Capital

## Lobby Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 Led 3 rounds

## What they do

> At Lobby Capital, we fund inspiring entrepreneurs who have the audacity and courage to challenge, disrupt and redefine the technological landscape. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Generalist No Sector Industry-agnostic
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 3 rounds
- **Sept** **[Gaia Dynamics](https://millionrounds.com/company/gaia-dynamics)** Seed · US · Ventureburn **$7.0M** *Led*
- **Aug** **[Apate.AI](https://millionrounds.com/company/apate-ai)** Seed · AU · Startup Daily **$8.2M** *Led*
- **Jan** **[Mesh Security](https://millionrounds.com/company/mesh-security)** Series A · US · Bright Pixel **$12M** *Led*

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 **11 named**

AH **Abigail Hipps** General Counsel i Form ADV

BA **Buddy Arnheim** Member of the General Partner i Filing they signed

CW **Collin Wallace** Member of the General Partner i Filing they signed

DE **David Eric Hornik** Member of the General Partner i Filing they signed

DM **David Marquardt** Member i Form ADV

EC **Eric Carlborg** Member of the General Partner i Filing they signed

HH **Howard Hartenbaum** Member i Form ADV

JR **John R Johnston** Member i Form ADV

RL **Ralph L. Arnheim** Member i Form ADV

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

WE **William Eric Carlborg** Member i Form ADV

We also hold **13** 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 the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.3B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** August Capital Master Management Company, LLC
- **SEC number:** CRD 160586

## What they claim to have backed

From their own portfolio page (on their website)

**9** of 14 we have independently watched raise

[Apera AI](https://millionrounds.com/company/apera-ai)[Better Trucks](https://millionrounds.com/company/better-trucks)[Faros AI](https://millionrounds.com/company/faros-ai)[Feed](https://millionrounds.com/company/feed)[ForeVR Games](https://millionrounds.com/company/forevr-games)[Hidden Level](https://millionrounds.com/company/hidden-level)[Kolena](https://millionrounds.com/company/kolena)[Mesh Cybersecurity](https://millionrounds.com/company/mesh-security)[Ownify](https://millionrounds.com/company/ownify) Baton AI CarbonVoice Docyt Procyon Remix AI

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.

Latest fund on file

**Raised**

a fund in Aug 2024

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Series B

Median round joined **$8.2M** the round, not its cheque

Led 3 of 3 rounds **100%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *2*
- Series A said *1*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Lobby Capital put money into.

[**Gaia Dynamics** $7.0M · Sept 2026](https://millionrounds.com/company/gaia-dynamics)[**Apate.AI** $8.2M · Aug 2026](https://millionrounds.com/company/apate-ai)[**Mesh Security** $12M · Jan 2026](https://millionrounds.com/company/mesh-security)

## On podcasts

2 episodes naming Lobby Capital in the title, and 1 more that mention it.

- [VC10X](https://millionrounds.com/podcasts/vc10x) 7 Jul 2026 · 49 min VC10X - Dancing Among The Giants with David Hornik, Founding Partner, Lobby Capital With [David Hornik](https://millionrounds.com/person/david-hornik-3) Mentions [Lobby Capital](https://millionrounds.com/fund/lobby-capital)[August Capital](https://millionrounds.com/fund/august-capital)[Google](https://millionrounds.com/fund/google-assistant-investments) 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 With [David Hornik](https://millionrounds.com/person/david-hornik-3) Mentions [Lobby Capital](https://millionrounds.com/fund/lobby-capital)[August Capital](https://millionrounds.com/fund/august-capital) Apple PodcastsShow page

### Mentioned in

- [Give First](https://millionrounds.com/podcasts/give-first) 6 Jan 2026 · 29 min The Long Game of Venture and Generosity with David Hornik Apple PodcastsShow page

## Quick answers about Lobby Capital

### What does Lobby Capital invest in?

Lobby Capital invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Generalist, No Sector and Industry-agnostic.

### How active is Lobby Capital?

3 investments on record, 3 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Lobby Capital invested in recently?

Its most recent investments on record: Gaia Dynamics (Seed, Sept 2026), Apate.AI (Seed, Aug 2026) and Mesh Security (Series A, Jan 2026).

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

The median round it joins is $8.2M.

### Is Lobby Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### What kind of investor is Lobby Capital?

Lobby Capital is a VC firm based in Palo Alto, United States.

### How much does Lobby Capital manage?

About $2.3B, as gross assets of its private funds (Oct 2026).

### Has Lobby Capital raised a new fund?

Its latest fund filing with the SEC was in Aug 2024.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=lobby-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lobby-capital)
