New York City-based venture capital firm Work-Bench has raised $160 million for its Fund IV, aimed at supporting seed-stage founders with ambitions in enterprise software. The fund represents a fourfold increase in capital commitment compared to previous funds, underscoring Work-Bench's continued focus on backing early-stage enterprise SaaS startups. Since its inception 12 years ago, Work-Bench has been a key player in the NYC enterprise technology ecosystem, maintaining a founder-first approach and deep conviction in enterprise software. The announcement has been well received within the local venture capital and startup communities, highlighting Work-Bench's role as a major supporter of enterprise tech founders in the region.