The portfolio includes Unicorn Spring Health and Society Workbench has raised $160 million Fund IV to quadruple the New York City backing company.
The company announced Raise in a blog post Monday, saying its latest fund will support Seed Stage founder Building Enterprise Software. Checks range from $2 million to $4 million, and the team is looking specifically for companies building AI, cybersecurity, developer tools, and enterprise applications.
Jonathan Lehr, the company's co-founder, told TechCrunch that the company would like to invest in 23-25 companies from Fund IV. He said this was the smoothest funding ever for his company due to the fact that the workbench has been “disciplined” since its launch in 2013.