Work-Bench Closes $160M Fund IV for Seed-Stage Enterprise Software
- Work-Bench closed a $160M Fund IV to invest in seed-stage enterprise software startups in New York.
- The fund targets AI, cybersecurity, developer tools, and enterprise applications, with checks of $2M-$4M.
- Portfolio successes include unicorns Socure and Spring Health, reflecting Work-Bench’s hands-on, focused approach.
New York-based venture firm Work-Bench has raised a $160 million Fund IV, reaffirming its commitment to backing seed-stage enterprise software founders in the city’s vibrant tech ecosystem.
The new fund will target startups building in AI, cybersecurity, developer tools, and enterprise applications, with initial checks ranging from $2 million to $4 million.
Work-Bench, whose portfolio includes unicorns like Spring Health and Socure, plans to invest in 23 to 25 companies from the new fund.
Co-founder Jonathan Lehr noted that this was the firm’s smoothest fundraise yet, attributing it to Work-Bench’s disciplined and consistent approach since its 2013 founding, even amid today’s AI hype.
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Roughly half of Work-Bench’s investments go to New York-based startups. The firm is known for its hands-on support, especially in helping early-stage founders build customer relationships and go-to-market strategies.
Notable portfolio wins include Socure, now valued at $4.5 billion, and Spring Health, last valued at $3.3 billion.
With Fund IV, Work-Bench aims to continue its focused, conviction-driven investing, helping founders solve real problems and scale in the competitive enterprise software landscape.
Edited by Annette George
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