Wipro, Schneider Electric and CA Technologies have all backed Work-Bench Fund II, which will target early-stage enterprise technology startups.
US-based venture capital firm Work-Bench has raised $47m for its second fund, securing the capital from limited partners that included several corporate backers according to TechCrunch.
IT services firm Wipro, energy management business Schneider Electric and enterprise software producer CA Technologies all contributed to the fund, which was co-anchored by venture capital firm Industry Ventures and an unnamed Chicago-based family office.
The LPs also featured several private investors that backed Work-Bench’s debut fund, which closed at $10m in 2013.
Work-Bench…
