August Capital raises $250m for its latest fund, $200m less than its predecessor

August Capital has registered to raise up to $250m for its latest VC fund, despite pulling in $450m for its predecessor.

The tech investor has not registered any capital for the vehicle so far according to a filing the firm made with the US SEC.

August steadily increased its fund sizes to closed a $650m Fund V in 2008, but then pulled in $550m for Fund VI and $450m for Fund VII, and appears to have dropped its goal again for the latest raise.

The Menlo Park-based VC currently has about $2bn under management. The firm’s previous investments have included Atheros, Splunk and leading a $60m round in BarkBox.

August Capital was founded by former Technology Venture Investors partners John Johnston and David Marquardt.

Earlier this summer Vista Equity Partners agreed to pick up a majority stake in August Capital-backed ad tech business Ad Science.

The firm recently took part in the $14.75M seed funding round of Spring Labs, a blockchain-based network which is designed to help lenders, banks, and data providers exchange information between one another.

Other FinTechs currently in its portfolio include personal loan platform AvantCredit, payments processor WePay and automated billing and invoice system

Earlier in the week, early stage venture capital firm Foundry Group closed its seventh fund on $750m, while Felicis Ventures secured $270m for its sixth flagship fund.

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.