# August Capital

August Capital is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 1995
- **Assets under management:** $2 billion (per the firm)
- **Website:** www.augustcap.com
- **LinkedIn:** https://www.linkedin.com/company/august-capital
- **Wikidata:** Q11853348

## Regulatory record

- **Reports private funds:** No

## About

August Capital is a venture capital firm that has funded entrepreneurs building significant value in information technologies since its inception. The firm's investment professionals, including David Hornik, Vivek Mehra, Howard Hartenbaum, Eric Carlborg, Tripp Jones, David Marquardt, and John Johnston, have over a century of combined experience in venture and operational investing. They manage $2.5 billion in committed capital and have invested in companies across the Information Technology spectrum, including enterprise software and services.

## Sectors

- Enterprise Software
- Information Technology
- AI/ML
- PropTech
- Mobility & Transportation
- Media & Entertainment

## People

- David Marquardt — Founding Partner
- John Johnston — Founding Partner
- Eric Carlborg — General Partner
- Howard Hartenbaum — General Partner
- David Hornik — General Partner
- Buddy Arnheim — Investment Partner
- Vivek Mehra — Partner Emeritus
- Abby Hipps — General Counsel

## Questions

### Who runs investment decisions at August Capital?

Investment decisions are made by the general partnership. The current general partners are Eric Carlborg, Howard Hartenbaum, and David Hornik, alongside founding partners David Marquardt and John Johnston. The firm operates with a concentrated group of investment professionals rather than a large partnership.

### Is August Capital structured as a traditional venture firm or does it use a different model?

August Capital operates as a traditional venture capital firm sponsoring multiple fund vintages since its founding in 1995. However, it differentiates itself by deliberately investing in fewer companies than most venture firms, a strategy designed to allow partners to offer deeper operational support to each portfolio company.

### Does August Capital participate in fund commitments or only direct deals?

August Capital makes direct investments in companies. Its own limited-partner base includes endowments, private foundations, fund of funds, public charitable organizations, and corporate strategic investors — not the reverse. There is no public indication August Capital itself acts as a limited partner in other venture funds.

### What investment stages does August Capital target?

The firm primarily targets early-stage investments but also makes opportunistic later-stage investments. The unifying filter is that all investments must present what August Capital considers a venture capital-level risk and return profile, regardless of stage.

### How is August Capital's limited-partner base composed?

According to the firm, its limited partners include a diverse group of endowments, private foundations, fund of funds, public charitable organizations, and corporate strategic investors. August Capital states it makes it a priority to understand each limited partner's mission and how the returns support their long-term investment goals.

## Related profiles

- [Audacia Capital](https://altss.com/profile/audacia-capital)
- [Aurelius Group](https://altss.com/profile/aurelius-group)

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Last updated: 2026-06-03T20:00:00.000Z

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