Wing

Wing

Peter Wagner and Gaurav Garg launched Wing in 2013, departing Sequoia Capital where Wagner had been a managing director since 1999. The firm raised a debut fund of approximately $300 million, per public record, and organized itself around a concentrated portfolio model unusual for early-stage venture. Rather than the index-style investing common at larger platforms, Wing targets roughly 25 companies per fund, placing a premium on deep engagement with each founding team. Wing invests primarily across enterprise software, AI infrastructure, data platforms, and cybersecurity. The firm leads or co-leads seed and Series A rounds, often acting as the first institutional check, with initial commitments ranging from $5 million to $15 million and significant reserves for follow-on. Confirmed portfolio positions include Snowflake, where Wing participated prior to the company's 2020 IPO, and Gong, the revenue intelligence platform. Other named holdings span DevOps tooling and horizontal AI applications. Wing concentrates its portfolio in North America, with selective exposure in Europe and Israel, typically syndicating alongside a tight circle of repeat co-investors rather than auction processes. Wing operates from a single office in Palo Alto. The firm does not publicly disclose total assets under management or current deployment figures. As of mid-2024, Wing was actively deploying from its most recent fund, which closed in early 2023, per the firm's official communications. The partnership structure remains lean, with Wagner and Garg as the primary decision-makers and a compact investment team. There is no publicly identified philanthropic vehicle or operating company under the Wing brand. Wing's structural differentiator is the density of board-level involvement Wagner and Garg maintain across the portfolio. Because the firm caps its fund size and partner count, each founding team receives direct access to general partners who have previously served on the boards of companies like Snowflake, Confluent, and Pure Storage. That concentration — no associates, no sector pods, no junior partner-led rounds — separates Wing from both megafunds and the growing class of solo-GP seed firms.