Work-Bench, whose portfolio includes unicorns Spring Health and Socure, just raised a $160 million Fund IV to quadruple down on backing companies in New York City. The firm announced the raise in a blog post on Monday, saying the latest fund will support seed-stage founders building enterprise software. Checks will range from $2 million to $4 million, and the team is looking specifically for companies building in AI, cybersecurity, developer tools, and enterprise applications.  Jonathan Lehr, the firm’s co-founder, told TechCrunch that the company hopes to invest in 23-25 companies out of Fund IV. He said that this was the smoothest fundraise yet for his firm, owing to the fact that Work-Bench has stayed “disciplined” since launching in 2013, “which matters more than ever in today’s AI frenzied environment.” Source: https://techcrunch.com/2025/05/13/new-york-focused-vc-work-bench-has-raised-a-fresh-160m/ #new #yorkfocused #workbench #has #raised #fresh #160m