Two longtime venture capital investors have started a new firm, Wing Venture Partners, with a $111 million fund aimed at start-ups specializing in cloud computing, data and mobile technologies.
Founded by Gaurav Garg and Peter Wagner, Wing plans investments in the range of $8 million to $10 million over the life of a company in its portfolio, the firm said on Wednesday.
Wing has already invested in networking company Cumulus Networks and security platform FireEye.