Work-Bench, a venture capital firm renowned for its focus on early-stage enterprise technology startups, announced it has closed its fourth fund with $160 million in capital commitments. The new fund, Fund IV, marks a significant step forward for the firm as it continues to invest in innovation at the intersection of enterprise software and key emerging technologies.
Founded in 2013 and based in New York City, Work-Bench has developed a strong portfolio featuring prominent tech companies such as Spring Health and Socure—both of which have reached ‘unicorn’ status, indicating private valuations of more than $1 billion. The firm is known for emphasizing enterprise startups that build products for large-scale, often more traditional industries, such as healthcare, finance, and cybersecurity.
With this new fund, Work-Bench plans to continue its strategy of leading or co-leading seed rounds with initial investments of about $3 million, and then providing support as startups scale. The firm also underscores its commitment to supporting founders in New York and expanding opportunities in a region known for its deep business-to-business (B2B) markets.
In a statement, the firm said that Fund IV will allow it to effectively ‘quadruple down’ on its promise to support next-generation enterprise software startups. The firm also expressed confidence in the continued growth of the enterprise tech ecosystem in New York.
Work-Bench’s team, seen above in the provided image, has grown in recent years and prides itself on offering more than just capital—emphasizing hands-on support, community-building for enterprise founders, and deep connections to Fortune 500 clients to help accelerate sales cycles.
This new funding arrives amid ongoing global interest in enterprise infrastructure, cloud computing, and artificial intelligence—areas where Work-Bench has already demonstrated strong performance. As startups continue to navigate complex B2B sales and regulatory landscapes, Work-Bench’s expertise is seen as a valuable asset.
With Fund IV, the venture firm is well-positioned to further influence the future of enterprise technology, particularly from its home base in New York City, which is increasingly emerging as a thriving hub for enterprise startup activity.
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