Wing, founded by veterans of Accel and Sequoia, rounds up $450 million for its third fund

Wing, founded by veterans of Accel and Sequoia, rounds up $450 million for its third fund

4 years ago
Anonymous $-9GJQVHNr8

https://techcrunch.com/2020/06/08/wing-founded-by-veterans-of-accel-and-sequoia-rounds-up-450-million-for-its-third-fund/

Wing, an early-stage, Palo Alto, Ca.-based venture firm that was formed in 2013 by veteran VCs Peter Wagner and Gaurav Garg, has closed its third fund with $450 million in capital commitments. That’s substantially larger than the $300 million that the firm raised for its second fund — and it was raised entirely virtually, says Wagner.

What’s so interesting that investors agreed to back Wing through highly uncertain market conditions? A few things, seemingly, beginning with the team itself. Wagner previously spent more than 14 years as a partner with Accel, while Garg was a partner with Sequoia Capital for roughly a dozen years, and institutional investors like that kind of pedigree.

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