August Capital, the 17-year-old Sand Hill venture capital firm, is raising a new $550 million investment fund, according to documents filed this morning with the SEC.
August Partner Howard Hartenbaum has since confirmed the firm’s raise, which is its sixth fund to date. It closed its previous, $650 million fund in March of 2009. The firm’s new raise consists of two funds, its core fund, which… → Read More
TechCrunch has been throwing an annual summer party at August Capital since 2006, the point at which Michael Arrington realized it had gotten too big for his Atherton back yard. And this year we’re doing it again, on the same big sunny Sand Hill balcony at the venture firm’s headquarters. The party starts at 5:30 p.m. and goes til 9:00 p.m.
And, we’ll also be back with our fourth-ever CrunchUp… → Read More
Online payment platform WePay just announced that it has raised $10 million in a new financing round. This round was led by Ignition Partners. Two of the company’s existing investors, Highland Capital Partners and August Capital also participated in this round. WePay, which bills itself as the “anti-PayPal,” is a Y Combinator alumni and was founded in 2008. The company raised a total of $9.15… → Read More
The next big thing in fashion e-commerce is a moving target — literally. Ditto, a site that lets users upload videos of themselves to use in trying on eyeglasses, has today announced that it has picked up a $3 million in funding from a group of investors led by August Capital.
Ditto’s co-founder and CEO Kate Endress says the funding will be used to further enhance the technology behind the… → Read More
We had a blast yesterday at our Mobile First Crunchup and 6th Annual Summer Party at August Capital. At our CrunchUp, we had some amazing speakers and special guests. Even Chamillionaire managed to make a certain speaker sweat and started a debate on why Android doesn’t have a decent phone.
Later in the day, the drinks were flowing at August Capital and even Ron Conway was spotted enjoying a… → Read More
Our 6th annual summer August Capital Party is almost here! Today we are releasing our next set of 100 tickets. The August Capital Party will be held on the beautiful and sunny Sand Hill Road in Menlo Park on July 29th from 5:30 – 10:00pm, following our Mobile First CrunchUp. You will see an amazing mix of startup demos, giveaways, drinks and much more. Tickets are $40 and sell out very quickly. If… → Read More
We only have a couple more weeks left until our 6th annual summer party at August Capital. Our first two batches of 100 tickets sold out in under an hour. Today we are releasing 100 more. The party will follow our Mobile First CrunchUp on July 29th and will be held in Menlo Park from 5:30 – 10:00pm. There will be a mix of startup demos, drinks, giveaways, networking and fun on one of the prettiest… → Read More
Summer is here and our 6th annual August Capital Party is just around the corner. Last week we released 100 tickets, all of which sold out in under an hour. Today we are releasing our next set of 100 tickets. The August Capital Party will be held on the gorgeous Sand Hill Road in Menlo Park on July 29th from 5:30 – 10:00pm, preceding our Mobile First CrunchUp. This party is a great way to see an… → Read More
August Capital was doing very late stage deals when most VCs refused to. And its early 2000 era buyout of Seagate was one of the better returns in the firm’s history. So why is it mostly sitting out this round of late-stage mega-deal mania?
In the final segment of our Ask a VC on the road with David Hornik, he explains why the answer to missing out on Facebook early isn’t dumping money in at a… → Read More
SnagAJob.com, an online community of hourly workers and provider of hourly workforce management solutions, this morning announced that it has secured $27 million in Series C funding in a round led by August Capital.
Other private equity investors in SnagAJob for this and previous rounds of funding include Adams Street Partners, Baird Venture Partners and C&B Capital. The Series C round brings… → Read More
Recommendation engine StumbleUpon has just announced a $17 million Series B round of funding, from Accel Partners, August Capital, DAG Ventures, First Round Capital and Sherpalo Ventures.
StumbleUpon has had an interesting history, being snatched up by eBay in 2007 and then bought back by its founders for a rumored $29 million plus in 2009. Currently the service has 14 million users and now… → Read More
Ten years ago, most VCs refused to invest outside of Silicon Valley. Now, most of them have funds in Israel, Europe, India or China– and lately many of those Chinese funds are outperforming the US counterparts. But August Capital is still sticking with the kind of local venture capital that built this industry, and David Hornik explains why in this week’s episode of Ask a VC.
But, Portland? Yeah… → Read More
Zulily, a private-sale shopping site targeted at ‘busy moms’ and their kids, has raised $6 million in Series B funding led by August Capital, with participation by existing investor Maveron.
The round brings the total funds raised to date by the niche daily deals site to $10.6 million. → Read More
DotNetNuke Corporation, the owner and maintainer of the open source web application framework that goes by the same name, has raised $8 Million Series B funding from new investor UV Partners and prior backers August Capital and Sierra Ventures.
The company had earlier raised an undisclosed amount of financing from the latter two investors back in November 2008. → Read More
Online language learning community Livemocha has secured a healthy $8 million in Series B funding in a round led by August Capital, with participation from existing investor Maveron (a Seattle-based investment fund co-founded by Starbucks CEO and chairman Howard Schultz). Maveron invested $6 million in a previous round. → Read More
Thanks again to all of you who came out to our Real Time Stream CrunchUp and August Capital Summer Party. We broke 600 attendees to the Real Time Stream CrunchUp, double our initial expectations, and we hosted lots more of you at the August Capital outing. We had an amazing group of CrunchUp speakers to talk about new trends, boundaries and your passions. And we fit in 22 new product highlights… → Read More
The first quarter of 2009 wasn’t just a dry one for venture-backed exits, very little money went into the coffers of VC funds as well. According to data released today by the National Venture Capital Association, only 40 funds raised new money during the quarter, down from 71 the year before (1Q08) and 47 the previous quarter (4Q08). Out of the 40 funds, only three were brand new
In dollar… → Read More
August Capital just closed on a new $650 million venture fund, bringing its total capital under management to just under $2 billion. It is the 14-year-old firm’s fifth fund. The VC firm will continue to invest in early-stage startups, but will also look for opportunities on the other end of the growth spectrum, including spinoffs, buyouts, and PIPEs.
Raising that much money in this market is no… → Read More
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