Fundraising FoxWorking Capital Fund
Impact investorWashington · Seed–Series A · 7 people tracked
Also known as WORKING CAPITAL MANAGEMENT LLC
Find your way into Working Capital Fund
Each arrow is one introduction. Sign up to fill in the first one.
Ask Vikas Raj to introduce you to Paarul Dudeja
You →Vikas · together at Accion →Paarul
Ask Jamie Chen to introduce you to Molly
You →Jamie · together at Xplorer Capital →Molly
Ask Sam Okafor to introduce you to Martin
You →Sam · together at New York City Transit →Martin
- Evan Okun218 people can intro you
- Dan Viederman124 people can intro you
- Mark Perutz87 people can intro you
Sign up to find every way you can get introduced to Working Capital Fund
- Your email: who you already know at Working Capital Fund, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Working Capital Fund team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
Investment thesis
Working Capital Fund backs technology companies working to improve global supply chains, with a focus on labor rights and ethical practices. Its core technology areas include artificial intelligence and machine learning, computer vision, health-tech wearables, blockchain, and fintech and traceability tools. The firm seeks investments that drive systems change by addressing the root social and environmental causes of supply chain challenges while promoting sustainable and equitable practices. It emphasizes impact at scale combined with sustained revenue and growth.
Source: firm website, verified Sep 29, 2026.
Team · 7 people
from the firm's website & curated & public directories
What they invest in
from 27 of 31 portfolio companiesSaaS ×15Enterprise Software ×13AI & Machine Learning ×10Climate Tech ×6Impact & Social Good ×6Data & Infrastructure ×5Fintech ×5HR Tech ×5
HQs:United States×13Spain×1United Kingdom×1Malaysia×1
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×62 founders×63 founders×3
Where their founders studiedfrom 21 founders with education data
Cornell ×4Cornell Tech ×3University of Cambridge ×2
What their founders studiedfrom 21 founders with field-of-study data
Business & Management ×6Computer Science ×4Economics ×3Engineering ×3
Where their founders worked beforefrom 20 founders with career history
Entrepreneurs Roundtable Accelerator ×3AlleyCorp ×2
Accelerator rootsportfolio companies that came through a program
5 founders hold a PhD · 4 hold an MBA (of 22 with degree data)
Investments · 31 tracked
founders shown can be your intro pathBy year:2025 · 32024 · 12023 · 22022 · 32021 · 32020 · 12019 · 22018 · 116 dated
Diginex is a sustainable RegTech company offering a suite of software and advisory services for ESG, climate, and supply chain data collection, reporting, and risk management.
Climate TechEnterprise SoftwareFintechSaaSCentral, GB
Paul Ewing(Chief Financial Officer)inRichard Byworth(Chief Executive Officer and Director of the Issuer)
BoardAndrew Watkins(Director of the Issuer)Paul Smith(Director of the Issuer)Richard Petty(Director of the Issuer)Yoon Chi-Won(Chairman and Director of the Issuer)
Co-investorscoparionCyberport Hong KongHearst VenturesRhino VenturesWorking Capital Innovation
Altana operates an AI-powered network platform that connects businesses, logistics providers, and government agencies to automate global trade compliance and supply chain visibility through a shared system of record for product information and value chains.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainBrooklyn, US
Evan Smith(Co-Founder and Chief Executive Officer)inRaphael Tehranian(Co-Founder and Chief Operating Officer)inPeter Swartz(Co-Founder and Chief Science Officer)inIan Cadieuin
BoardGaetano Crupi(Director)inKarim Faris(Director)in
Co-investors53 StationsACTIVATE CAPITAL PARTNERSAlleyCorpAmadeus Capital PartnersCollective LiquidityFloating Point+16 more
Compscience develops AI and computer-vision systems for workers' compensation insurance, designed to promote workplace safety and reward companies that prioritize injury prevention.
AI & Machine LearningInsurTechSaaS
Josh Butler(Founder)
Co-investorsAlumni VenturesBasecamp FundHustle FundIA Seed VenturesPathbreaker VenturesScrum Ventures+3 more
Contingent operates a supplier insight and third-party risk management platform that aggregates data from thousands of sources into one system for real-time supplier monitoring, due diligence, and regulatory compliance.
Data & InfrastructureEnterprise SoftwareSaaS
Co-investorsOctopus VenturesAscensionConcentric
Elm AI provides AI-driven software for responsible sourcing and supplier programs, handling audits, questionnaires, due diligence, corrective actions, and remediation across global supply chains.
AI & Machine LearningClimate TechEnterprise SoftwareSaaSNew York, US
Advait Raykar(Founder)inKen He(Founder)inAparajita Thakker(Founder)in
Co-investorsBeta BoomEntrepreneurs Roundtable Accelerator (ERA)Very Serious VenturesBoro Capital
Glacier develops AI-powered robotic systems for material recovery facilities (MRFs) to improve recycling sorting and material quality.
AI & Machine LearningCircular EconomyRoboticsSan Francisco, US
Rebecca Hu-Thrams(Founder)inAreeb Malik(Founder)inRebecca Hu(Founder)
Co-investorsAlleyCorpAlumni VenturesAsymmetric Capital PartnersEcosystem Integrity FundJetstreamNew Enterprise Associates (NEA)+9 more
Pinkcollar Employment Agency is a hiring platform that connects employers in Malaysia with domestic workers from the Philippines and Indonesia, emphasizing ethical recruitment and worker protections.
B2B MarketplacesFuture of WorkHR TechImpact & Social GoodMarketplacesKuala Lumpur, MY
Honest Jobs operates an employment platform that connects currently and formerly incarcerated people with employers willing to hire them.
HR TechImpact & Social GoodMarketplacesColumbus, US
Harley Blakeman(Founder)in
Co-investorsMatchstick VenturesTechstarsThe Colorado Impact FundFoundry
.png)
HowGood provides a product carbon footprinting and Scope 3 emissions reporting platform for the food and beverage industry, helping companies measure emissions and support reduction and climate target strategies.
Climate TechFoodTechSaaSBrooklyn, US
Alexander Gillett(Executive Officer, Director)inArthur Gillett(Executive Officer, Director)inR. Alexander Gillett(Executive Officer, Director)in
BoardMatt Gorin(Director)inRichard Heitzmann(Director)inJoshua Mailman(Director)
Co-investorsAstanor VenturesContour Venture PartnersDanone Manifesto VentureDoon CapitalFirstMark CapitalGotham Gal Ventures+2 more
Kenzen develops AI-powered occupational health and safety systems that integrate predictive analytics and real-time monitoring to reduce workplace injuries and improve workforce performance.
AI & Machine LearningEnterprise SoftwareHealthtechHR TechSan Francisco, US
Sonia Sousa(Executive Officer, Director)
BoardJake Ireland(Director)Lorenzo Thione(Director)Steven Pecko(Director)
Co-investorsEmpire AngelsEvolution VC PartnersKCRise FundRoyal Street Ventures Management Company, LlcSand Hill AngelsDigitalis Ventures+2 more
minu offers a workplace benefits platform for companies in Mexico, letting HR teams activate over 50 employee benefits such as on-demand salary (earned wage access), savings, food vouchers, loans, telemedicine, and financial education.
FintechFuture of WorkHR TechPalos Verdes Estates, US
Adam Guggenheim(Executive Officer, Director)inChristine Koppinger(Executive Officer, Director)in
Co-investors500 GlobalAccial CapitalCapria VenturesCats.vcClocktower VenturesFJ Labs+14 more
Pathmind applies deep reinforcement learning to industrial simulations and digital twins, helping engineers optimize operations and supply chains with performance gains, and then implements these optimized policies in live systems.
Developer ToolsEnterprise SoftwareSan Francisco, US
Co-investorsHemi Ventures, LlcY CombinatorAgrolimen VenturesBuckley Ventures Management Company LlcExponent CapitalFundersClub+16 more
Technology identifying supply chain sources using the environmental microbiome.
Co-investorsDolby Family VenturesGolden SeedsJ-VenturesAgFunderBlackhorn VenturesBreakout Labs+4 more
Prewave provides supply chain risk management software that helps companies monitor suppliers for sustainability and resilience risks.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaS
Lisa Smith(Founder)inHarald Nitschinger(Founder)in
Co-investorsaws GründungsfondsIsaiISAI GestionKOMPAS VCSeed+SpeedSpeedinvest+6 more
Proof provides online notarization and identity verification tools to establish trust for agreements and records executed remotely.
CybersecurityEnterprise SoftwareFintechGovTechLegalTechMarketplacesSaaS
Pat Kinsel(Founder & CEO)inLeandra Fishman(Chief Revenue Officer)Eric Fleischman(Chief Technology Officer)Renee Hunter(Chief Legal Officer)Darren Louie(Head of Product)Ian Macallister
Co-investorsCamber CreekCanapi VenturesCapitalGCurql Collective, LLCEthos VCJovono+12 more
Proof provides sustainability, compliance, and impact management solutions for organizations navigating business-critical challenges around capital access, regulatory exposure, and value creation.
AI & Machine LearningClimate TechData & InfrastructureEnterprise SoftwareFintechImpact & Social GoodSaaS
Co-investorsBlockchain Founders CapitalBuilders FundCV VCOxonian VenturesRakuten Capital
Provenance operates a claims-validation framework that independently verifies product sustainability and quality claims for consumer brands, mapping them to certification bodies and regulatory standards.
AI & Machine LearningRetail TechSaaS
Co-investorsAlumni VenturesAngel AcademeDigital Currency GroupMerian VenturesOpen Data Incubator for Europe (ODINE)S4S Ventures+1 more
Provenance offers online tools that help couples and wedding guests write personalized wedding content, including ceremony scripts, vows, and toasts.
ConsumerSaaS
Tuna Uskudar(Founder)in
Co-investorsUpfront VenturesAngel AcademeDigital Currency GroupMerian VenturesNordic Eye Venture Capital
Quizrr operates a platform for workforce training and human rights due diligence (HRDD) compliance reporting across supply chains, offering learning programs, supply chain insights, and benchmarking.
EdTechEnterprise SoftwareSaaS
Sofie Nordström(Founder)in
Co-investorsNorrsken VC
Radical AI develops AI software that generates experimental designs for self-driving labs to accelerate materials discovery.
AI & Machine LearningDeep TechNew Materials
Joseph F. Krause(Founder)inJorge Colindres(Founder)in
Co-investorsAlleyCorpAlumni VenturesInfinite CapitalMarin Digital VenturesnoaAlley Robotics Ventures+1 more
SiTration develops silicon-based electro-extraction (SEE) and nano-filtration (SNF) technologies that recover metals and critical minerals from mining waste, leachate, and recycled material using electricity and no added chemicals.
CleantechDeep TechNew MaterialsCambridge, US
Brendan Smith(Co-founder & CEO)inJeffrey Grossman(Co-founder & Chief Scientist)
BoardJacob Bro(Director)inMatthew Nordan(Director)in
Co-investorsAzolla VenturesCarbonThe E14 FundBHP VenturesExtantia CapitalOrion Industrial Ventures+1 more
Supply chain visibility, benchmarking, and risk management tools; acquired by Sphera in 2024.
Enterprise SoftwareLogistics & Supply ChainSaaSSanta Cruz, US
Alexander Gershenson(Executive Officer, Director, Promoter)James Barsimantov(Director, Promoter)
BoardDan Levine(Director)Loren Straub(Director)inTara Norton(Director)
Co-investorsAiiM PartnersBlackhorn VenturesBowery CapitalBuoyant Ventures Management, LlcValuestream VenturesVentureSouq+1 more
TO THE MARKET guides consumers to make purchasing decisions aligned with ethical and sustainable sourcing values, based on principles from its founder's best-selling book on conscious consumption.
Advanced ManufacturingB2B MarketplacesCleantechConsumerImpact & Social GoodLogistics & Supply ChainNew York City, US
Jane Mosbacher Morris(Founder & CEO)inYu Jin Han(Director)Mary Susan Wilberding(Director)
BoardCarrie Colbert(Director)in
Co-investorsBelle Impact FundCurate CapitalForward Venture CapitalKeyhorse CapitalLDR VenturesMatchstick Ventures+2 more
TRACT operates a sector-owned sustainability measurement platform for the agriculture and food industry, centralizing data collection, supply chain traceability, and performance measurement across environmental, social, and economic metrics.
AgTechClimate TechData & InfrastructureFoodTechImpact & Social Good
Co-investorsFFFFuture Food FundIcos CapitalLDCPymwymicRabo Investments
Twinco Capital provides supply chain financing that funds suppliers from purchase order through invoice payment, helping corporates build competitive and socially responsible supply chains.
FintechSaaSMadrid, ES
Sandra Nolasco(Founder)inCarmen Marin(Leadership)inArancha Díaz-Llado(Leadership)inMariano(Leadership)Jorge(Leadership)Miguel(Leadership)
Co-investorsElevate Innovation PartnersFinch CapitalMundi VenturesQuona CapitalFMO
Ulula provides mobile-enabled survey platforms that collect data directly from workers and communities at scale through digital channels, with features for multilingual engagement, fraud detection, and compliance assessment across supply chains and operations.
Data & InfrastructureEnterprise SoftwareHR TechImpact & Social GoodSaaSNot stated
Antoine Heuty(Founder and CEO)in
Co-investorsMarigold Capital
Versed AI provides supply chain analytics and visualization software that maps multi-tier supplier networks, enabling companies to gain visibility across their entire supply chain infrastructure and integrate these insights into their existing technology systems.
AI & Machine LearningData & InfrastructureEnterprise SoftwareLogistics & Supply ChainSaaS
Simon Baker(Research Associate)inPascal Wichmann(PhD student)in
Co-investorsFounders FactoryInnovate UKUniversity of Cambridge EnterpriseY CombinatorCherry VenturesGradient Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
GetliloLiloPinkCollar
Exits · 3
1 IPOs · 2 acquisitions · showing 2DiginexNASDAQ: DGNXSupply Shiftacq. by Sphera
Portfolio news
latest coverage across their companiesTRACT · tract.eco · Oct 23, 2025
Glacier · finsmes.com · Apr 30, 2025
Elm AI · finsmes.com · Apr 14, 2025
Frequently asked questions
- How many investments has Working Capital Fund made?
- Working Capital Fund has 31 tracked investments, 3 of which have exited, including 4 dated in the last 24 months.
- What stage does Working Capital Fund invest at?
- Working Capital Fund invests at the Seed, Series A stages.
- What sectors does Working Capital Fund focus on?
- Working Capital Fund focuses on AI & Machine Learning, Climate Tech, Consumer, Crypto & Web3, EdTech, Enterprise Software, Fintech, Healthtech, Impact & Social Good, InsurTech, Logistics & Supply Chain, SaaS.
- Where is Working Capital Fund located?
- Working Capital Fund is headquartered in Washington, US.
- Who does Working Capital Fund co-invest with?
- Working Capital Fund most often shares deals with Alumni Ventures, AlleyCorp, Matchstick Ventures, among 116 tracked co-investors.
- What size deals does Working Capital Fund back?
- Across 9 deals with disclosed amounts, Working Capital Fund has joined rounds of $500K – $22M (median $4M).
Co-investors · 5
Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.
Hustle Fund is an early-stage venture capital firm that invests quickly in startups, offering capital along with educational programs and mentorship. It also runs an angel investing community that lets members invest alongside the fund.
Norrsken VC is a European early-stage venture capital firm investing in technology addressing major global challenges across energy, industry and healthcare, born out of the Norrsken ecosystem for impact-focused founders.
Preface Ventures is an early-stage venture firm that backs experienced founders building 'Frontier Enterprise' companies focused on improving how people work.
Contrarian Ventures is an early-stage venture capital firm backing climate tech founders across Europe and Israel, offering first cheques and a founder-focused support platform.
Firms observed investing alongside Working Capital Fund, from public investor directories. Shared companies are the overlap with Working Capital Fund's recorded portfolio.
Similar investors
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
ACV Capital (AC Ventures) is a growth equity firm backing high-growth, technology-enabled platforms across Southeast Asia, with deep roots in Indonesia. It partners with leadership teams to scale businesses into market leaders.
Valor Capital Group is a cross-border venture fund connecting the US, Latin American, and global technology markets, investing in consumer internet and enterprise software companies.
Monashees is a Latin American venture capital firm backing technology-driven founders building category-defining companies from the region for global markets.
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.