Palo Alto, Calif.-based venture capital firm Wing Venture Capital raised a $450m fund.
Backed by institutional investors, Wing Three is a pool of capital dedicated to early stage investing and long-term company-building in enterprise technology. The fund will be invested to help founders build businesses that enable the “Modern Enterprise,” which is an agile workplace built on data and powered by AI.
The firm invests early, leading Seed and Series A financings, and partners for the long term with its signature company-building skills and resources.
In the past two years, Sara Choi (formerly of Google), Jake Flomenberg (formerly of Accel) and Aaref Hilaly (formerly of Sequoia) have joined Zach DeWitt, Gaurav Garg and Peter Wagner as investing partners.
During the same period, operating partners Rajeev Chand (Head of Research, formerly of Rutberg), Sunil Chokshi (Head of Talent, formerly of A16Z) and Didi Dayton (Head of Market Development, formerly of FireEye) have joined to lead key portfolio service initiatives designed to accelerate the progress of early stage enterprise technology companies.
The partners of Wing have delivered notable exits in recent years, including 6 substantial acquisitions in the past fifteen months: Shape Security (F5), ThousandEyes (Cisco), Demisto (Palo Alto Networks), BlueJeans Network (Verizon), Cumulus Networks (Nvidia) and Aporeto (Palo Alto Networks).
Across their venture careers, the Wing team has worked as early, lead investors in twenty-one enterprise technology companies that have gone public or realized billion-dollar exits, including eighteen IPO’s and three billion-dollar-plus acquisitions. Additional widely recognized private companies in the current Wing portfolio include Snowflake, Cohesity and Gong.
FinSMEs
09/06/2020