Lobby Capital and August Capital

Multi-stage venture firmSEC venture capital fund adviser· Palo Alto, CaliforniaAUGUSTCAP.COM

At August Capital we take Venture Capital personally

In the firm's own words, from its website.

Reported fund assets
$2.3B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
10
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

11 additional team members, 11 additional co-investors and affiliates, 28 additional investments, funds and LPs, 32 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 7 deals
    with Amplify Partners

    Invests most often alongside Amplify Partners (7 shared deals) and Tenaya Capital (6 shared deals). 7 of the 14 most frequent co-investors were first seen with it on record in the last 12 months.

    pair last observed on record 16 Jul 2018, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Member
    Why: Named with investment responsibility
    No route on file yet
  • Member
    Why: Named with investment responsibility
    No route on file yet
  • Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

61 connected entities29 observed rounds9 repeat counterparties15 dated rounds shown here, 2009 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Lobby Capital and August Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Lobby Capital and August Capital

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

15 companies on record, 0 new in 12 months

Investments on record

15 companies, 28 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
GitLabportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Wattpadportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
UpGuardSeries C · Series Cparticipantunknown$75.0MunknownFeb 26, 2026Fact Press release

Stated thesis versus observed behaviour

31 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series c 100%
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate 0%follow-on rate 39%new companies, 12 months 0

Team

12 current, 5 departed

Decision makers

who to call first, and why; then everyone else by function
  • David Hornik · Member
    Why this person: Named with investment responsibility
  • David Marquardt · Member
    Why this person: Named with investment responsibility
  • John R Johnston · Member
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

12 current, 5 departed
6 departed (kept with end dates)

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

12 vehicles, 0 LPs disclosed

Funds and vehicles

12 reported, 7 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Lobby Capital, L.P.Fund2022 adv first reportedActive deployment$224M
Mar 30, 2026
104$0
of $250M
Feb 3, 2021
August Capital Strategic Partners VII, L.P.Fund2016 adv first reportedHarvest$12.3M
Mar 30, 2026
38$0
of $5.5M
Jun 19, 2015
August Capital VII, L.P.Fund2015 adv first reportedHarvest$1.1B
Mar 30, 2026
35$0
of $450M
Jan 30, 2015

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

2 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
The Patterson FoundationFOUNDATIONAugust Capital VII, L.P.$9.0M
fair value on the foundation's return
reported as of Jun 30, 2025Fact IRS Form 990 / 990-PF e-file returns
John D & Catherine T Macarthur FoundationFOUNDATIONAugust Capital IV, L.P.$565,171
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

14 co-investors · on 2 other DFX graphs

Co-investors

14 counted from shared deals, for the whole firm

Compare portfolios with Amplify Partners, Tenaya Capital, Levensohn Venture Partners LLC or any firm. Co-investors across the market

Across DFX and the capital chainon 2 other DFX graphs · 2 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Lobby Capital and August Capital is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Lobby Capital and August Capital sits on 2 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

37 dated events, 73 observations from 4 sources

Timeline

37 dated events
  1. seen on or beforeSep 15, 2026
    Lobby Capital and August Capital: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $2,024M)
    Classification changedClassificationInference
  2. Mar 30, 2026
    Lobby Capital II, L.P. first reported on Form ADV by Lobby Capital and August Capital (Venture Capital Fund), GAV $156,085,859
    Fund first reported on Form ADVFundsInferenceLobby Capital II, L.P.Form ADV
  3. Aug 25, 2022
    Fund 6425 first reported on Form ADV by August Capital (Venture Capital Fund), GAV $216,856,320
    Fund first reported on Form ADVFundsFactLobby Capital, L.P.Form ADV
  4. Aug 25, 2022
    John Bernard Jones (Member) no longer on Schedule A of August Capital
    Person leftPeopleInferenceJohn Bernard JonesForm ADV
  5. Jun 1, 2021
    Ralph L. Arnheim joined Schedule A of August Capital as Member
    Person joinedPeopleFactRalph L. ArnheimForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 11 private fundsShow
Headquarters
Palo Alto, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 30, 2026
Private funds reported
11 (11 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$2.3Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $2.4B
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $2.0B
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $417M across 4 vehicles
  4. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $417M across 3 vehicles

Evidence

74 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 27, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2024FactForm ADV
First Form ADV filing2012-03-30Mar 30, 2026FactForm ADV
First Form ADV filing2012-03-30Mar 27, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-27Mar 27, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2022-08-25Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneMar 27, 2024FactForm ADV
Contact page urlSep 16, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 14, 2026Fact
HeadquartersPalo Alto, CAMar 30, 2026FactForm ADV
HeadquartersPalo Alto, CAMar 27, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressMar 27, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 14, 2026Fact
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyMar 27, 2024FactForm ADV
Portfolio pageOct 1, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 14, 2026Fact
Private funds reported11Mar 30, 2026FactForm ADV
Private funds reported11Mar 30, 2026FactForm ADV
Private funds reported10Mar 27, 2024FactForm ADV
Private fund gross assets (reported)$2.3BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$2.3BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$2.0BMar 27, 2024FactForm ADV
Schedule a diffsadiff-1Sep 20, 2026FactForm ADV
Team pageSep 16, 2026Fact
Team pageSep 14, 2026Fact
Venture funds reported11Mar 30, 2026FactForm ADV
Venture funds reported11Mar 30, 2026FactForm ADV
Venture funds reported10Mar 27, 2024FactForm ADV
WebsiteSep 12, 2026FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteMar 27, 2024FactForm ADV
Site titleSep 16, 2026Fact
Site titleSep 14, 2026Fact
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
65
high
Active deployment
4
low
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $2.4B

The inputs behind each score
importance
gav: 0.72 · funds: 1 · people: 0.48 · investments: 0.55 · co investors: 0.46
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-02-26
emerging manager
fund count: 19 · reported gav: $2.3B · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-15
  • Adviser's first ADV filing
    2012-03-30source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.