4 years ago

Work-Bench Raises $100 Million for Third Fund to Back New York Enterprise Startups

  • Work-Bench, a venture capital firm focused on early-stage enterprise technology startups in New York City, has raised a $100 million third fund

  • The firm plans to continue its focus on connecting startups with corporate customers and providing them with resources and support to accelerate their growth

  • Work-Bench has a strong track record of successful investments, including Cockroach Labs, Socure, CoreOS, Semmle, Algorithmia, Backtrace, Spring Health, Arthur, Catalyst, and FireHydrant

  • The firm aims to invest in 17 or 18 companies per three-year fund cycle and plans to continue its smaller meetups for corporate executives and community-building efforts.

      • ProblemTechnology

      "Early-stage enterprise tech startups in New York City often struggle to connect with corporate customers and secure funding due to a lack of established networks and a focus on Silicon Valley."

      Solution

      "Work-Bench provides early-stage funding, a community hub, and connects enterprise tech startups in New York City with corporate customers through executive briefings and meetups."

      Covered on