Wing

Founding partners Peter Wagner and Gaurav Garg are the primary decision-makers. Both spent over a decade at Sequoia Capital before launching Wing in 2013. The firm operates without a hierarchy of associates or junior partners cutting checks — all investment committee decisions go through the two founding partners, who also take board seats on most portfolio companies.

Wing relies heavily on the personal networks Wagner and Garg built during their Sequoia tenures and subsequent board-level relationships. The firm rarely participates in competitive auction processes, instead accessing deals through founder referrals from existing portfolio CEOs and repeat co-investor relationships. This closed-network approach is designed to surface opportunities before they reach the broader market.

Wing concentrates on direct investments, primarily leading or co-leading seed and Series A rounds. There is no public record of Wing operating a fund-of-funds program or making LP commitments to other venture firms as a material part of the strategy.

The firm targets seed and early Series A rounds, typically as the first institutional capital into a company. Initial check sizes range from roughly $5 million to $15 million, with substantial reserves held for follow-on investments in subsequent rounds.

Wing has historically avoided consumer internet, hardware, biotech, and capital-intensive cleantech — fields that fall outside the enterprise software, data infrastructure, and AI focus areas where the founding partners have their deepest operational and board experience.

Wing keeps fund sizes relatively contained — its debut fund was approximately $300 million — and limits each fund to roughly 25 companies. This concentrated portfolio model is a deliberate departure from the index-style venture practiced at larger multi-stage firms, and it allows the general partners to maintain high-touch board engagement without diluting their attention across 40 or 50 active positions.

No. Wing is an independent venture capital firm. It was founded by two departing Sequoia Capital partners and has no structural affiliation with Sequoia or any other investment platform.