Working Capital is an early stage venture fund that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains—addressing the urgent need to protect vulnerable workers and source responsibly. It was created by Humanity United, part of The Omidyar Group, a diverse collection of organizations, each guided by its own approach, but united by a common desire to catalyze social impact.
Location: United States
Employees: 1-10
Founded date: 2018
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 10
| Date | Name | Website | Total Raised | Location |
| 10.05.2023 | Prewave | prewave.com | $98.05M | Austria, V... |
| 07.03.2022 | Provenance | provenance.org | $4.98M | United Kin... |
| 26.04.2018 | Quizrr | quizrr.se | $1.3M | Sweden, St... |
| - | OpenSC | opensc.org | $4M | - |
| - | Altana Tra... | altana.ai | $322M | United Sta... |
| - | SupplyShif... | supplyshift.net | $10M | United Sta... |
| - | Phylagen | phylagen.com | $14M | - |
| - | Sundar, In... | sundar.io | $1.3M | United Sta... |
| - | Kenzen | kenzen.com | $5M | United Sta... |
| - | Ulula | ulula.com | $1M | United Sta... |
Persons 5
| Date | First Name | Last Name | Title | Location | |||
| - | Dan | Viederman | - | linkedin.c... | - | d********n... | - |
| - | Ed | Marcum | Managing D... | linkedin.c... | - | e*****m@wo... | - |
| - | Paarul | Dudeja | Managing P... | linkedin.c... | - | p*****a@wo... | - |
| - | Evan | Okun | Investment... | linkedin.c... | - | e***n@work... | - |
| - | Ivy | Olsen | Operations... | linkedin.c... | - | i****n@wor... | - |
News 23
| Date | Title | Description |
| 23.06.2020 | Innovative Finance to Address Bonded Labor in Supply Chains | The Working Capital Fund seeks to scale innovative approaches that solve longstanding problems of labor exploitation in supply chains. One of the most persistent and egregious causes of labor exploitation in global supply chains is the requ... |
| 23.06.2020 | Corporate Social Investing: Our Reflections From Implementing A CSI Initiative | We noted with appreciation the article in the Stanford Social Innovation Review on The Rise of the Corporate Social Investor by Karoline Heitmann and others. The piece discusses how business and corporate foundations, impact investors and a... |
| 16.04.2020 | WCIF Portfolio Companies Helping To Mitigate COVID-19 Impacts | Several WCIF portfolio companies are making services available to help mitigate COVID-19 impacts. All are well-suited to support a transition to a scalable, impactful, digital future of supply chain social responsibility As you can see fro... |
| 16.04.2020 | Vulnerable And At-risk Workers Can Protect Themselves With The Kenzen Patch | Hundreds of millions of workers around the globe face dangerously hot conditions in their workplaces. This includes over 700M people in critical industries such as construction, manufacturing, mining, energy, and maritime who are at risk of... |
| 16.04.2020 | Institutional Changes At The Working Capital Fund | We hope this communication finds you, your loved ones and your colleagues safe and healthy, and your communities resilient. We write to update you on some significant institutional changes at the Working Capital Fund. First, after being la... |
| 19.12.2019 | Perspectives on Impact: A Discussion at SOCAP | The annual SOCAP Conference is the place where impact investors come together to share, learn, and interact. As part of the Fund’s continuing effort to understand, shape, and share how impact emerges from our work, Working Capital Investmen... |
| 24.09.2019 | Assessing potential impact before making an investment | We invest in companies that will decrease worker vulnerability to exploitation and increase respect for labor rights in global supply chains. We do this within a detailed Theory of Change that aims to build the sophistication of tools which... |
| 16.09.2019 | Working Capital Among Leading Seed Investors for OpenSC | Working Capital is delighted to announce its investment in OpenSC’s $4 million round of seed funding. OpenSC is an impact venture that uses advanced technology to enable more sustainable, ethical, and profitable supply chains. The OpenSC pl... |
| 24.07.2019 | The Sustainability Consortium announces partnership with SupplyShift | We are very pleased to announce that The Sustainability Consortium has selected SupplyShift, one of our portfolio companies, as its new partner and reporting platform for The Sustainability Insight System (THESIS) Index, formerly and most w... |
| 18.06.2019 | The Need to Invest in Transparency Schemes and Risk Assessment Tools | In our last newsletter, we mentioned that we’d be taking a closer look at some of the themes that emerged from our recent annual reflection on our progress, and our learnings on those themes thus far. We’re starting with transparency and ri... |
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Mentions in press and media 11
| Date | Title | Description |
| 03.12.2024 | TRACT: $11.2 Million Closed To Enhance Sustainability In Agricultural Supply Chains | TRACT, a SaaS platform dedicated to enhancing sustainability in agricultural supply chains, announced it has raised $11.2 million in new funding. This funding round includes more investments from the company’s existing shareholders Archer D... |
| 06.02.2024 | SAP and Working Capital Fund Announce Partnership to Build Equitable Supply Chains | Working Capital Fund Logo SAP partners with Working Capital Fund, investing strategically to create equitable supply chains, aligned with the World Economic Forum's Rise Ahead Pledge. Working Capital is not just leading in the market; it's ... |
| 21.09.2022 | Vienna-based Prewave rakes in €11 million for supply chain risk intelligence platform | As businesses manage globally distributed suppliers, the need for transparency across the entire supply chain is evident. Vienna-based AI platform Prewave has raised €11 million in funding to help businesses predict, find, understand and ca... |
| 16.03.2022 | London-based startup procures $8.2 million to make supply chain management hassle-free and real-time | Despite being core to how all businesses operate, there is far too much friction in the process of procuring goods and services, and companies are often left unaware of the potential risks accompanying their decisions. Taking up the challen... |
| 07.03.2022 | Greenwashing, no more! London platform raises $5 million for transparency about sustainable impact of products | Four out of every five shoppers are changing their purchase preferences based on sustainability. However, a mere 53% of shoppers admit they can’t tell the truth apart from greenwashing when it comes to product claims. Changing the scenario ... |
| 18.06.2020 | Three AgFunder portfolio companies selected as World Economic Forum’s Technology Pioneers | We’re proud to announce that The World Economic Forum has named three AgFunder portfolio companies to its annual Technology Pioneers of 2020 list: Brightseed, Trace Genomics, and Phylagen. This list identifies 100 companies transforming the... |
| 14.02.2019 | Thiel-Backed Breakout Ventures Invests in Phylagen $14m Series A with Cultivian, AgFunder For Microbe-Based Traceability | Microbiome data analytics company Phylagen has raised a $14 million Series A round led by Peter Thiel-backed Breakout Ventures, agrifood tech venture pioneer Cultivian Sandbox, supply chain innovation fund Working Capital with participation... |
| 11.09.2018 | Working Capital Closes Supply Chain Innovation Fund, at $25.2M | Working Capital, a San Francisco, CA-based early stage venture fund that invests in innovative solutions to create ethical supply chains, closed its fund, at $25.2m. The fund raised an additional $2.5m from the Children’s Investment Fund Fo... |
| 26.04.2018 | QuizRR raises $1.3 million to improve working conditions in global corporate supply chains | Stockholm, Sweden – QuizRR, an Edtech company offering innovative training solutions to advance corporate responsibility and worker well-being, raised $1.3 million in a financing round led by Norrsken Founders Fund and Working Capital. The ... |
| - | London-based startup procures $8.2 million to make supply chain management hassle-free and real-time | Despite being core to how all businesses operate, there is far too much friction in the process of procuring goods and services, and companies are often left unaware of the potential risks accompanying their decisions. Taking up the challen... |
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