Wing Venture Capital, a Menlo Park, CA-based venture capital firm focused on backing early-stage, companies building business technology, has closed its $250m second fund.
Wing Two was backed by sophisticated investors including premier universities and private foundations.
Founded in 2013 by Gaurav Garg and Peter Wagner, two former partners at Sequoia Capital and Accel Partners, respectively, Wing Early is an early stage venture capital firm focused on investing in companies which are working on the digital transformation of business driven by the combined forces of Data, Mobile, and Cloud, in a wide range of categories, including cybersecurity, AI-powered enterprise applications and cloud-native infrastructure.
To this end, the firm has developed a proprietary method to support entrepreneurs in building strategic foundations from the outset, and to continue to be an essential partner as their startups scale to IPO and beyond.
Wing’s first fund, which was raised in 2013, has 13 core investments as well as a seed program. The firm’s portfolio companies include Cohesity, Moogsoft, Palerra (recently acquired by Oracle), Juvo, Instart Logic, and Shape Security.
The launch of Wing Two will now enable the firm to play the pivotal role of lead investor in additional startups that are creating new markets, or redefining existing ones.