The work bench, whose portfolio, includes Unicorns Spring Health and Susor, collected only $ 160 million fund IV to increase the support of companies supporting New York City.
The firm announced the increase In a blog post On Monday, the latest fund will support the Enterprise Software construction of the founders of the seed stage. The checks will be from $ 2 million to $ 4 million, and the team is looking for companies working in AI, cybercularity, developer tools, and enterprise applications.
The company’s co-founder, Jonathan Lehr, told Tech Crunch that the company expects to invest in 23-25 companies outside the Fund IV. He said that this is still the fastest fund for his firm, because of the fact that the work bench has been “discipline” since the launch of 2013, “which is more important than ever in today’s AI -surviving environment.”