Working Capital Fund
Impact investorWashington · Seed–Series B · 7 people tracked
Also known as WORKING CAPITAL MANAGEMENT LLC
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 Aug 25, 2026.
Team · 7 people
from the firm's website & curated & public directories
What they invest in
from 24 of 28 portfolio companiesSaaS ×13Enterprise Software ×11AI & Machine Learning ×10Impact & Social Good ×6Climate Tech ×5Data & Infrastructure ×5HR Tech ×5Logistics & Supply Chain ×5
HQs:United States×8Spain×1United Kingdom×1Malaysia×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×42 founders×63 founders×2
Investments · 28 tracked
founders shown can be your intro pathBy year:2025 · 22023 · 12021 · 25 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)Richard 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-investorsHearst Ventures
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 Chain
Evan Smith(CEO)inRaphael Tehranian(Founder)inIan Cadieuin
Co-investorsACTIVATE CAPITAL PARTNERSAlleyCorpAmadeus Capital PartnersCollective LiquidityFloating PointFriends Family Capital+11 more
CompScience offers workers' compensation insurance paired with AI video analysis that identifies workplace hazards and risk patterns in real time.
AI & Machine LearningInsurTechSaaS
Co-investorsIA Seed VenturesPathbreaker VenturesPreface Ventures
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 Ventures
Elm AI provides an AI-native platform that automates responsible sourcing and supplier operations tasks such as supplier questionnaires, audit review, corrective action plans, adverse media monitoring, and due diligence.
AI & Machine LearningEnterprise SoftwareSaaS
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)Areeb Malik(Founder)in
Co-investorsAlleyCorpAsymmetric Capital PartnersEcosystem Integrity FundJetstreamNew Enterprise Associates (NEA)Overlap Holdings+8 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 GoodMarketplaces
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)Arthur Gillett(Executive Officer, Director)R. Alexander Gillett(Executive Officer, Director)
BoardMatt Gorin(Director)inRichard Heitzmann(Director)inJoshua Mailman(Director)
Co-investorsAstanor VenturesContour Venture PartnersDanone Manifesto VentureDoon CapitalFirstMark CapitalGreat Oaks Venture Capital+1 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-investorsKCRise FundRoyal Street Ventures Management Company, LlcEvolution VC PartnersSignal Peak Ventures
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)Christine Koppinger(Executive Officer, Director)
Co-investors500 GlobalAccial CapitalCapria VenturesCats.vcClocktower VenturesInvariantes Fund+8 more
Co-investorsJ-VenturesSandbox Industries
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+5 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 Ventures
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-investorsAngel AcademeDigital Currency GroupMerian VenturesOpen Data Incubator for Europe (ODINE)Nordic 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
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-investorsAlleyCorpMarin Digital VenturesAlley Robotics Venturesnoa
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(Executive Officer, Director)Jeffrey Grossman(Director)
BoardJacob Bro(Director)inMatthew Nordan(Director)in
Co-investorsAzolla VenturesCarbonThe E14 FundBHP VenturesExtantia CapitalOrion Industrial Ventures
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
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)
Co-investorsCurate CapitalForward Venture CapitalLDR VenturesMatchstick VenturesPurple Sage VenturesTechstars
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
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)Arancha Díaz-Llado(Leadership)Mariano(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)
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)Pascal Wichmann(PhD student)
Co-investorsFounders FactoryInnovate UKUniversity of Cambridge EnterpriseY Combinator
Exits · 2
IPOs and acquisitions across the tracked portfolioDiginexNASDAQ: DGNXSupply Shiftacq. by Sphera
Portfolio news
latest coverage across their companiesDiginex · ad-hoc-news.de · Aug 19, 2026
Minu · indianretailer.com · Aug 18, 2026
Proof · partnerships.vt.edu · Jul 30, 2026
TRACT · tract.eco · Oct 23, 2025
Elm AI · workingcapitalfund.com · May 26, 2025
Glacier · wastedive.com · Apr 30, 2025
Frequently asked questions
- How many investments has Working Capital Fund made?
- Working Capital Fund has 28 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
- What stage does Working Capital Fund invest at?
- Working Capital Fund invests at the Seed, Series A, Series B 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 AlleyCorp, Amadeus Capital Partners, Finch Capital, among 89 tracked co-investors.
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.
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.
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.
Contrarian Ventures is an early-stage venture capital firm focused on backing climate tech founders, providing full-stack support through initiatives like the Energy Tech Summit, The Climate Brick, and Climate50.
Firms observed investing alongside Working Capital Fund, from public investor directories. Shared companies are the overlap with Working Capital Fund's recorded portfolio.
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