Work-Bench, whose portfolio includes Unicorns Spring Health and Socure, has just collected an IV fund of $ 160 million to quadruple support companies in New York.
The firm announced on Monday the increase in a blog post, saying that the last fund will support the founders of the Software Enterprise Building Seed Stadium. Checks vary from $ 2 million to $ 4 million, and the team is specifically looking for for companies that build AI, cybersecurity, developer tools and corporate applications.
Jonathan Lehr, the company’s co-founder, told Techcrunch that the company hoped to invest in 23-25 ​​companies outside the IV fund. He said that it was the most fluid fundraising to date for his business, due to the fact that Work-Bench has remained “disciplined” since its launch in 2013, “which counts more than ever in the current environment of AI actually.”
