In a bold vote of confidence for New York’s enterprise tech scene, venture capital firm Work-Bench has secured a new $160 million fund—its largest to date. This latest raise, dubbed Fund IV, is laser-focused on seed-stage startups transforming the enterprise software landscape.
Headquartered just blocks from Manhattan’s Flatiron District, Work-Bench is far from your average VC shop. The firm has built its reputation on championing early-stage innovation in enterprise tech, with a portfolio that includes heavy-hitting unicorns like Spring Health and Socure. Now, with fresh capital in hand, the firm is poised to back the next generation of startups rewriting the rules of B2B software.
The investment thesis? Precision meets patience. According to Jonathan Lehr, Work-Bench’s co-founder, Fund IV will be deployed across 23 to 25 companies, with individual check sizes ranging between $2 million and $4 million. The spotlight is firmly on startups in AI, cybersecurity, developer tools, and enterprise applications—areas where the stakes are high, the scale is global, and the need for disciplined funding is greater than ever.
“This was our smoothest fundraise yet,” Lehr shared in a recent interview with TechCrunch, attributing the firm’s fundraising success to its long-standing commitment to focus and consistency.
“We’ve remained disciplined since 2013, which matters more than ever in today’s AI-frenzied environment”
Indeed, while the tech world chases the next generative AI unicorn, Work-Bench is staking its bet on thoughtful founders building deep infrastructure and foundational enterprise tools—solutions designed for scale, security, and long-term impact.
Work-Bench’s unique DNA has always set it apart: a Manhattan address, a no-nonsense approach, and a clear allegiance to NYC’s founder-first ecosystem. With Fund IV, the firm is reinforcing its roots while building outward—investing in companies that not only shape industries but define the future of how we work.
