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Work-Bench

Founders Hugo Van Vuuren Jessica Lin Jonathan Lehr Tom Carroll

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 73
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 44
Rounds per year 6.64
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 10
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Machine Learning
  • SaaS
  • Artificial Intelligence
  • Analytics
Summary

Work-Bench is the famous VC, which was founded in 2013. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the New York.

This organization was formed by Hugo Van Vuuren, Jessica Lin, Jonathan Lehr, Tom Carroll. Besides them, we counted 4 critical employees of this fund in our database.

The usual things for fund are deals in the range of 10 - 50 millions dollars. The real fund results show that this VC is 12 percentage points less often commits exit comparing to other companies. The top amount of exits for fund were in 2018. The fund is constantly included in 2-6 investment rounds annually. When the investment is from Work-Bench the average startup value is 50-100 millions dollars. This Work-Bench works on 9 percentage points less the average amount of lead investments comparing to the other organizations. The important activity for fund was in 2019.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Work-Bench, startups are often financed by GV, ff Venture Capital, Madrona Venture Group. The meaningful sponsors for the fund in investment in the same round are GV, Two Sigma Ventures, New Enterprise Associates. In the next rounds fund is usually obtained by Two Sigma Ventures, New Enterprise Associates, GV.

The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Versive, Tamr, Cockroach Labs. Among the most successful fund investment fields, there are Artificial Intelligence, Machine Learning. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

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Related Funds

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These funds often invest in the rounds preceeding the rounds of Work-Bench:
Typical Co-investors
Work-Bench is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Work-Bench:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Octane

Billing
Software
$6M31 May 2023 Brooklyn, New York, United States

ApertureData

Analytics
Artificial Intelligence
Big Data
Information Technology
Machine Learning
Software
$5M25 Apr 2023 Los Gatos, California, United States

Streamdal

Data Center
Software
$5M08 Feb 2023 -

Common Fate

Cloud Security
Cyber Security
Software
$3M13 Dec 2022 Perth, Western Australia, Australia

Alkymi

Analytics
Enterprise Software
Intelligent Systems
Machine Learning
Natural Language Processing
SaaS
$21M06 Oct 2022 New York, New York, United States

Pace

Software
$5M24 Aug 2022 New York, New York, United States

Arthur AI

Artificial Intelligence
Machine Learning
Software
$42M30 Jun 2022 New York, New York, United States

Cloudquery

$15M22 Jun 2022 Wilmington, Delaware, United States

RippleMatch

Consulting
Delivery
Education
Employment
Enterprise Software
Human Resources
Recruiting
Software
$45M08 Jun 2022 New York, New York, United States
News
Spring Health Scores $190M Series C Round

– Spring Health, the most comprehensive global mental health solution for employers and health plans, has secured $190m in Series C funding.
– Top healthcare investor Kinnevik led the round and was joined by new investor The Guardian Life Insurance Company of America (Guardian Life), along with existing investors Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures.
– The company’s total investment to date is $300m, bringing the company’s current valuation to $2bn on the heels of approximately 6x revenue growth over the past year.

FireHydrant Raises $23M in Series B Funding

– FireHydrant is a NYC-based comprehensive reliability platform that allows teams to achieve reliability at scale by creating speed and consistency across the entire incident response lifecycle.
– Series B $23m round was led by Harmony Partners with participation from Salesforce Ventures and existing investors Menlo Ventures and Work-Bench.
– The new investment will be used to grow the engineering team, further accelerate product R&D, customer acquisition, and international growth.

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Total investments 73
Average round size 19M
Rounds per year 6.64
Peak activity year 2021
Lead investments 5
Follow on index 0.40
Exits 10
Group Appearance index 0.92

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Octane

Billing
Software
$6M31 May 2023 Brooklyn, New York, United States

ApertureData

Analytics
Artificial Intelligence
Big Data
Information Technology
Machine Learning
Software
$5M25 Apr 2023 Los Gatos, California, United States

Streamdal

Data Center
Software
$5M08 Feb 2023 -

Common Fate

Cloud Security
Cyber Security
Software
$3M13 Dec 2022 Perth, Western Australia, Australia

Alkymi

Analytics
Enterprise Software
Intelligent Systems
Machine Learning
Natural Language Processing
SaaS
$21M06 Oct 2022 New York, New York, United States

Pace

Software
$5M24 Aug 2022 New York, New York, United States

Arthur AI

Artificial Intelligence
Machine Learning
Software
$42M30 Jun 2022 New York, New York, United States

Cloudquery

$15M22 Jun 2022 Wilmington, Delaware, United States

RippleMatch

Consulting
Delivery
Education
Employment
Enterprise Software
Human Resources
Recruiting
Software
$45M08 Jun 2022 New York, New York, United States
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