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Data, cloud, & mobile startups, pay attention: Wing raises new $12.9M fund

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Good news for mobile, cloud, and big data startups: A newly established venture-capital group focused on those sectors just got some more money to invest.

Wing Venture Partners has brought in $12.9 million, according to a fresh filing submitted to the Securities and Exchange Commission. That’s on top of the $111 million fund Wing announced in July.

The filing, under the name Wing Strategic Partners, L.P., refers to a “side-by-side fund that was formed to go along with our fund that was formed earlier this year,” Hilary Strain, Wing’s chief financial officer, told VentureBeat during a brief phone call.


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The news could mean Wing, based in Menlo Park, Calif., has the capacity to invest in at least one additional startup. A press release announcing Wing’s launch stated that the firm will typically pump $8 million to $10 million into each portfolio company.

Gaurav Garg, a former partner at Sequoia Capital, and Peter Wagner, a former managing partner at Accel Partners, founded Wing.

They want to back companies focused on cloud computing, mobile, or data. They’ve already funded data-center networking startup Cumulus Networks, big-data analytics player Platfora, security vendor FireEye (which recently went public with a stunning successful IPO), and hybrid-storage provider Nimble Storage, among others.

Wagner and Garg declined to comment on the new fund.

More information:

Peter Wagner, General Partner, Accel Partners Peter Wagner has worked in technology since the mid-1980's as a physicist, line manager and venture investor. He focuses primarily in Information Technology Infrastructure, including the ... read more »

Gaurav Garg serves on a number of private company boards including Ruckus Wireless, Jasper Wireless, FireEye, MobileIron, Shape Security, and Instart. He was a board member at Netscaler (acquired by Citrix), and was deeply involved wit... read more »

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