Work-Bench, a venture capital firm based in New York, has successfully raised $160 million for its Fund IV. This funding is aimed specifically at supporting seed-stage founders who are developing enterprise software, especially in sectors like AI, cybersecurity, and developer tools.
Key Points
- Work-Bench has raised $160 million to fund new ventures specifically in New York City.
- The firm targets seed-stage companies, particularly in AI and cybersecurity.
- Investment sizes will range from $2 million to $4 million per company.
- Co-founder Jonathan Lehr stated this is the firm’s smoothest fundraising effort to date.
- The firm has backed notable companies, including Spring Health and Socure.
Why should I read this?
If you’re in the startup scene, especially in New York, this could be your golden ticket! Work-Bench is doubling down on supporting local seed-stage firms, which could mean fresh opportunities for innovation and collaboration in that vibrant ecosystem. And let’s face it, understanding funding trends in your area can give you a serious edge!
