Work-Bench has successfully raised a $160 million Fund IV, aimed at supporting seed-stage companies building enterprise software in New York City. This fund will focus on investments ranging from $2 million to $4 million, particularly in sectors such as AI, cybersecurity, developer tools, and enterprise applications. Co-founder Jonathan Lehr noted that they plan to invest in approximately 23-25 companies with this fund. He highlighted that the fundraising process was unusually smooth, thanks to the firm's disciplined approach since its inception in 2013, especially important in the current competitive AI environment.
Work-Bench has raised a $160 million Fund IV to invest in seed-stage enterprise software companies in NYC, specifically focusing on AI, cybersecurity, and developer tools.
Jonathan Lehr stated that this fundraising was the smoothest yet, attributing success to the firm's discipline since 2013, crucial in todayâs AI-driven landscape.
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