# August Capital

> August Capital is a San Francisco Bay Area venture capital firm founded in 1995 by David Marquardt and John Johnston. Its technology portfolio includes Splunk, GitLab, Fastly, Bill.com, and consumer businesses such as BarkBox. It emphasized selective investing and direct partner support. Reporting in 2019 documented the abandonment of its eighth fund; later portfolio milestones should be distinguished from new-fund activity.

- **Founded:** 1995
- **Headquarters:** San Francisco, United States
- **Founders:** David Marquardt (Co-founder and Founding Partner), John Johnston (Co-founder and Founding Partner)
- **Products:** Early-stage venture investment, Portfolio company support, Venture fund management
- **Notable:** Backed companies including Splunk, GitLab, Fastly, and Bill.com., GitLab, whose 2016 Series B August led, went public in October 2021., Early portfolio company Splunk was acquired by Cisco in March 2024 at approximately $28 billion in equity value; this is not August’s proceeds.

## Products & services

- **Early-stage venture investment** — Equity financing for information technology companies, with opportunistic later-stage investing. Historical strategy; do not infer a current open fund.
- **Portfolio company support** — Recruiting, enterprise customer introductions, strategic guidance, and assistance raising subsequent financing.
- **Venture fund management** — Management of pooled capital supplied by limited partners.

## Achievements

- Backed companies including Splunk, GitLab, Fastly, and Bill.com.
- GitLab, whose 2016 Series B August led, went public in October 2021.
- Early portfolio company Splunk was acquired by Cisco in March 2024 at approximately $28 billion in equity value; this is not August’s proceeds.

## Latest updates

- **2026-09** — PatientIQ announced a $30 million Series C led by Hughes & Company and named August Capital among existing investors.
- **2026-05** — Autodesk announced an agreement to acquire August portfolio company MaintainX for approximately $3.6 billion; announcement described a proposed transaction, not a completed closing.
- **2024-03** — Cisco completed its acquisition of Splunk.

## Links

- Website: https://www.augustcap.com/
- LinkedIn: https://www.linkedin.com/company/august-capital/
- Twitter/X: https://twitter.com/AugustCapital
- Facebook: https://facebook.com/pages/August-Capital/104074239659790

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Profile page: https://yespress.io/august-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-27