New York-based VC firm Work-Bench has secured $160 million for its fourth fund, reinforcing its commitment to early-stage enterprise software startups, particularly those based in New York City.
Known for backing unicorns like Spring Health and Socure, the firm plans to deploy this new capital into 23–25 companies, focusing on sectors such as AI, cybersecurity, developer infrastructure, and enterprise applications.
Disciplined strategy attracts smooth fundraising
Co-founder Jonathan Lehr told TechCrunch that Fund IV represents the firm’s “smoothest” fundraise to date. He attributed this to Work-Bench’s consistent, disciplined investment strategy since its launch in 2013—an approach that resonates in today’s capital environment dominated by AI hype.
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Seed-stage focus with $2M–$4M check sizes
The firm will continue to write initial checks between $2 million and $4 million, supporting seed-stage founders aiming to build enduring enterprise software solutions. The fund’s thesis centers on practical, scalable innovations rather than chasing market trends, a key differentiator in a competitive venture landscape.
With this new fund, Work-Bench strengthens its role as a pillar in the NYC tech ecosystem, offering both capital and hands-on support to help enterprise-focused startups grow from seed to scale.
