Silicon Valley Venture Capital Vets Launch $111M Fund

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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.

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