Work-Bench, a New York-based venture capital firm, has just raised a fresh $160 million Fund IV. With this fund, the firm plans to supercharge early-stage investments in enterprise software startups, particularly those building in AI, cybersecurity, developer tools, and modern B2B applications.
This announcement marks a big moment for New York’s tech scene. While much of the venture spotlight usually shines on Silicon Valley, Work-Bench has been quietly building one of the most consistent early-stage portfolios in the city. Their latest fund is a strong signal that New York is ready to lead the next wave of enterprise software innovation.
Founded in 2013, Work-Bench is best known for backing enterprise unicorns like Spring Health and Socure. The firm focuses solely on seed-stage B2B startups. With Fund IV, they plan to write checks between $2 million and $4 million and support around 23 to 25 companies.
Jonathan Lehr, co-founder of Work-Bench, shared that this was their smoothest raise yet. He credits this to the firm’s disciplined approach over the past decade. That focus, he explained, matters now more than ever. In a market dominated by flashy AI hype and sky-high valuations, being consistent and founder-aligned has helped Work-Bench stand out. Rather than chase trends, the team has remained loyal to their roots—helping enterprise builders grow with long-term support.
Work-Bench isn’t just investing capital. The firm is also known for offering hands-on help and deep go-to-market expertise. Their NYC base gives them a front-row seat to a fast-growing community of founders building in B2B and infrastructure tech. From talent access to customer introductions, Work-Bench offers more than just money. They help enterprise startups scale intelligently in a crowded and complex market.
In their Monday blog post, the firm emphasized that the new fund will stick to their core thesis: backing gritty, product-first founders working on real problems in the enterprise stack. This includes AI tools designed for business workflows, cybersecurity platforms for hybrid teams, and new developer tools aimed at productivity and reliability.
While many VCs have shifted strategy or paused new investments amid market uncertainty, Work-Bench is taking the opposite route. They’re doubling down on NYC, placing a bold bet that the city will be home to the next wave of enterprise giants. With Fund IV, they now have more fuel than ever to make that happen.
For founders building in enterprise AI or cybersecurity—and especially those based in New York—Work-Bench just became one of the top firms to watch. They aren’t chasing headlines. Instead, they’re doing the quiet, steady work of helping real companies win in one of the toughest segments in tech.
