New York-focused VC Work-Bench has raised a fresh $160M

Work-Bench, whose portfolio includes unicorns Spring Health and Socure, conscionable raised a $160 cardinal Fund IV to quadruple down connected backing companies successful New York City.

The steadfast announced the raise successful a blog station on Monday, saying the latest money volition enactment seed-stage founders gathering endeavor software. Checks volition scope from $2 cardinal to $4 million, and the squad is looking specifically for companies gathering successful AI, cybersecurity, developer tools, and endeavor applications. 

Jonathan Lehr, the firm’s co-founder, told TechCrunch that the institution hopes to put successful 23-25 companies retired of Fund IV. He said that this was the smoothest fundraise yet for his firm, owing it to the information that Work-Bench has stayed “disciplined” since launching successful 2013, “which matters much than ever successful today’s AI frenzied environment.”