August Holding Corporation

What August Holding Corporation does

August Holding Corporation is a privately held venture capital and holding company headquartered at One Columbus Center, Suite 600, Virginia Beach, Virginia. Founded as an African American-led firm operating with an "operators-first, investors-second" thesis, it provides capital, operational mentorship, board governance, and KPI-driven oversight to minority-owned businesses in three stated verticals: Health Care, Entertainment and Hospitality, and Real Estate. The firm sources and builds portfolio companies through a sales-led, operator-driven origination model that proactively identifies industry niches, recruits top-tier executives and board members, and drives value creation through active involvement, financial and operating controls, planning, and budgeting frameworks. The executive team is described as having 100+ years of combined front-line entrepreneurial experience with multiple successful exits.

The company's product surface is a portfolio of distinct operating businesses rather than a unified technology platform. Current portfolio assets include DMV Wagering Co., a minority-owned sports wagering operation doing business as Handle 19 Premium Sportsbook in the Greater Washington, DC Metropolitan Area, and ReStore Dental of Hampton Roads, P.C., a general dentistry practice serving the Hampton Roads region. Realized (exited) portfolio assets comprise The Aspire Treatment & Recovery Center of Virginia, an outpatient opioid treatment facility licensed by the Virginia Department of Behavioral Health and Developmental Services and acquired by BrightView Health in June 2021, and Commonwealth First Home Health, LLC, a Virginia-licensed home health personal care provider. Portfolio companies operate conventional sportsbook, dental, behavioral health, and home health service platforms; no proprietary technology products are developed at the holding-company level.

August Holding's revenue model is centered on portfolio investment returns and equity value creation rather than disclosed fund-management fees, with two realized exits to date. Pricing, fund terms, and portfolio company financials are not publicly disclosed. Primary customer segments are minority business founders and operators seeking capital and operational support, sophisticated outside investors who co-participate in ventures, and end consumers served by portfolio companies across sports wagering, dental, behavioral health, and home health. Distribution is primarily direct through the Virginia Beach headquarters via an inbound contact form, phone, and email, with portfolio-company distribution spanning a planned retail sportsbook in DC, a single dental practice location, licensed Virginia treatment facilities, and contracted referral networks with regional healthcare providers including Sentara Health System.

Name

August Holding Corporation

Legal name

August Holding Corporation

Website

https://augustholding.com

Company type

Private

Founded year

2011

Operating status

Operating

Short description

August Holding Corporation is a privately held, African American-led venture capital and holding company that builds, funds, and operates minority-owned businesses across Health Care, Entertainment and Hospitality, and Real Estate, with two realized portfolio exits to date.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity Holding

NAICS

Offices of Other Holding Companies (551112)

SIC

Investors, Nec (6799)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

HoldCo / Permanent Capital ETA (FSANALAE)

Keywords

• Venture capital investing
• Minority-owned businesses
• Portfolio management
• Operator-led investment
• Private equity holdings

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Portfolio Investment Returns: Generates returns through capital investment in portfolio companies, with revenue derived from successful exits (2 realized exits to date) and ongoing equity value creation across current holdings in healthcare, entertainment/hospitality, and real estate.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

August Holding Corporation is a privately held venture capital and holding company that builds, funds, and operates portfolio businesses in healthcare, entertainment/hospitality, and real estate — sectors where minority ownership is underrepresented. The firm takes equity positions in operator-led ventures and supports them through active governance, mentorship, financial and operational controls, and access to a professional network, with the goal of driving transformational growth and realizing investment exits.

Product overview

August Holding Corporation operates as a venture capital and holding firm — not a unified software platform — that builds, funds, and operates portfolio businesses in industry sectors where minority ownership is underrepresented. The offering is structured as a portfolio of distinct operating companies rather than a platform-plus-modules architecture, with the named portfolio assets comprising Handle 19 Premium Sportsbook (DMV Wagering Co.) in Entertainment & Hospitality / Sports Wagering, ReStore Dental of Hampton Roads in Health Care / General Dentistry as current assets, and the previously realized assets The Aspire Treatment & Recovery Center of Virginia in Behavioral Health / Substance Abuse Treatment and Commonwealth First Home Health in Home Health Care Services. The firm supports these companies through active involvement, mentorship, financial and operating controls, planning, budgeting, and a professional network to drive transformational growth and create exits.

Differentiator

Problem solved

Functional benefit

Brands

• DMV Wagering Co. Minority-owned premium sports wagering operation, also branded as Handle 19 Premium Sportsbook; offers a full-service entertainment platform for placing wagers on major sporting leagues and is actively planning to expand operations within the United States where permitted by law.
• ReStore Dental of Hampton Roads, P.C.
• Handle 19 Premium Sportsbook
• The Aspire Treatment & Recovery Center of Virginia, Inc.
• Commonwealth First Home Health, LLC

Products and services

• Handle 19 Premium Sportsbook (DMV Wagering Co.) A minority-owned sports wagering operation that operates as a premium sportsbook and full-service entertainment platform allowing wagers on various sporting events across all major sporting leagues, with plans to expand within the United States where permitted by law. Targeted at adult sports bettors in the Greater Washington, DC Metropolitan Area.
• ReStore Dental of Hampton Roads, P.C. A general dentistry practice whose philosophy is that proper oral and dental care is a necessary utility rather than a luxury, committed to providing quality and affordable oral and dental health care and retaining, restoring, and enhancing patient smiles. Serves patients in the Greater Hampton Roads area.
• The Aspire Treatment & Recovery Center of Virginia, Inc. A licensed outpatient opioid treatment facility regulated by the Virginia Department of Behavioral Health and Developmental Services that provides addiction recovery services to individuals with substance abuse disorders. The asset was acquired by BrightView Health in June 2021, realizing a portfolio exit for August Holding.
• Commonwealth First Home Health, LLC. A provider licensed and regulated by the Virginia Department of Health delivering non-skilled personal care and Activities of Daily Living (ADL) assistance to individuals recently discharged from hospitals or rehabilitation facilities. Was contracted with Sentara Health System through the Sentara Pace program and Senior Services of Southeastern Virginia.

Quantifiable outcome

• 2 portfolio company exits achieved
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Sorensen Institute for Political Leadership at the University of VirginiaminorOthers · 25 August 2021August Holding leadership selected for the 2021 class of the Sorensen Institute's flagship Political Leaders Program.
• BrightView HealthcoreStrategic or Co-development Partner · 24 June 2021BrightView Health acquired The Aspire Treatment & Recovery Center of Virginia, an addiction treatment facility in Chesapeake, Virginia, realizing an August Holding portfolio exit.
• Sentara Health SystemcoreImplementation/ SI/ Consulting PartnerCommonwealth First Home Health was one of only eight personal care agencies contracted with Sentara Health System through the Sentara Pace program.
• Senior Services of Southeastern VirginiacoreImplementation/ SI/ Consulting PartnerContracted partner with Commonwealth First Home Health through the Sentara Pace program, providing personal care services to seniors.
• Chesapeake Regional Medical CenterminorImplementation/ SI/ Consulting PartnerReferral relationship agreement for Commonwealth First Home Health's personal care/ADL services to recently discharged patients.
• Chesapeake Health & Rehabilitation CenterminorImplementation/ SI/ Consulting PartnerReferral relationship agreement for Commonwealth First Home Health's personal care services.
• Norfolk Health & Rehabilitation CenterminorImplementation/ SI/ Consulting PartnerReferral relationship agreement for Commonwealth First Home Health's personal care services.
• Chesapeake Department of HealthminorImplementation/ SI/ Consulting PartnerReferral relationship agreement for Commonwealth First Home Health's personal care services.
• Virginia Beach Department of HealthminorImplementation/ SI/ Consulting PartnerReferral relationship agreement for Commonwealth First Home Health's personal care services.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Chingona Ventures: Early-stage venture fund led by a Latina investor, focused on underrepresented founders; shares August Holding's community-rooted, minority-founder-focused approach.
• Harlem Capital Partners: Minority-led early-stage venture capital firm explicitly targeting diverse founders, with a thesis-driven, operator-supportive model that closely mirrors August Holding's minority-founder focus.
• Zeal Capital Partners: Minority-led venture firm investing in underrepresented founders across healthcare, fintech, and digital infrastructure; overlaps with August Holding on operator-led, healthcare-adjacent themes.
• Backstage Capital: Venture firm focused on backing underrepresented founders, with a similar mission-driven sourcing approach and early-stage ticket sizes comparable to August Holding's minority-venture thesis.
• BIPOC Ventures: Venture capital firm explicitly investing in BIPOC-led companies, offering a comparable minority-founder sourcing mandate and early-stage operating support model.

Broad incumbents

• Amedisys: National home health and hospice provider; comparable to August Holding's Commonwealth First Home Health as a scaled, regulated operator in the home health vertical.
• Acadia Healthcare: Public behavioral health operator with significant substance abuse treatment exposure; analogous to August Holding's Aspire portfolio company and represents a likely strategic acquirer for future portfolio builds.
• BrightView Health: National outpatient addiction treatment provider that acquired The Aspire Treatment & Recovery Center from August Holding in 2021, making it a directly comparable acquirer-strategist in the opioid treatment vertical.
• FanDuel: National sportsbook operator with broad US market presence; directly relevant as the entrenched incumbent against which August Holding's Handle 19 / DMV Wagering Co. competes in the DC market.
• Aspen Dental: Large dental support organization operating hundreds of practices; comparable to ReStore Dental in the general dentistry vertical but at vastly greater scale and with a multi-location DSO model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about August Holding Corporation