🦊/Investors

Working Capital Fund

Impact investor

Washington · Seed–Series B · 7 people tracked

Also known as WORKING CAPITAL MANAGEMENT LLC

Find your way into Working Capital Fund

2,212 people in our graph share verified history with the Working Capital Fund team — schools, employers, funds. One of them is your warm intro.

Jen Wangunlockedknows Molly · together at PwC (overlapped)
×4knows the team · via PwC
×2knows the team · via Harvard Business School
knows the team · via ROBERTSON STEPHENS
knows the team · via International Finance Corporation
×3knows the team · via Wesleyan University
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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 15, 2026.

Stage
Seed–Series B
HQ
Washington, California, US
Instruments
Equity
Founded
2017
Last 12 months
1 investment
Private fund assets
$39M
VC funds
2
Tracked investments
30
Unicorns
1
IPOs
1
Acquisitions
2

Team · 7 people

from the firm's website & curated & public directories

What they invest in

from 26 of 30 portfolio companies

SaaS ×14Enterprise Software ×11AI & Machine Learning ×10Impact & Social Good ×7Climate Tech ×6HR Tech ×6Data & Infrastructure ×5Fintech ×5

HQs:United States×11Spain×1United Kingdom×1Malaysia×1

Who they back

founder profiles across 15 portfolio companies
47%
solo founders
7 of 15 mapped founding teams
14%
repeat founders
of 22 founders with career history

Founding team size:solo founder×72 founders×63 founders×2

Where their founders studiedfrom 22 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 22 founders with career history

Entrepreneurs Roundtable Accelerator ×3AlleyCorp ×2Altana Technologies, Inc. ×2

5 founders hold a PhD · 4 hold an MBA (of 22 with degree data)

Investments · 30 tracked

founders shown can be your intro path

By year:2025 · 32023 · 12022 · 32021 · 32020 · 12019 · 12018 · 113 dated

Diginexdiginex.comin𝕏NASDAQ: DGNXJan 2021

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-investorsHearst VenturesRhino VenturesWorking Capital Innovation

Altana AIaltana.aiin

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

CompSciencecompscience.cominSeed · Aug 2022 · $6M

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

Co-investorsHustle FundIA Seed VenturesPathbreaker VenturesPreface Ventures

Contingentcontingent.ai

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 AIelm-ai.cominApr 2025 · $2M

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

Glacierendwaste.ioin𝕏Apr 2025 · $16M

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)in

Co-investorsAlleyCorpAsymmetric Capital PartnersEcosystem Integrity FundJetstreamNew Enterprise Associates (NEA)Overlap Holdings+8 more

Hirepinkcollarhirepinkcollar.comin

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 Jobshonestjobs.coin𝕏Seed · Sep 2021 · $500KAcquired

Honest Jobs helps currently and formerly incarcerated people find employment through a job placement platform.

HR TechImpact & Social GoodColumbus, US

Harley Blakeman(Founder)in

Co-investorsMatchstick VenturesTechstarsThe Colorado Impact Fund

Honest Jobshonestjobs.comin𝕏

Honest Jobs operates an employment platform that connects currently and formerly incarcerated people with employers willing to hire them.

HR TechImpact & Social GoodMarketplaces

Harley Blakeman(Founder)in

How Goodhowgood.comin𝕏Jan 2021

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 CapitalGreat Oaks Venture Capital+1 more

Kenzenkenzen.com

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-investorsEvolution VC PartnersKCRise FundRoyal Street Ventures Management Company, LlcSand Hill AngelsSignal Peak Ventures

Minuminu.mxin𝕏

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 VenturesInvariantes Fund+10 more

OpenSCopensc.orgin𝕏Seed · Sep 2019 · $4M

OpenSC provides technology for large companies to verify low-carbon and sustainable food production at the source, tracking commodities such as palm oil and seafood through supply chains.

AgTechClimate TechFoodTech

Sébastien Blavier(Founder)in

Prewaveprewave.cominMay 2023

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

Proofproof.ioin

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

Proofproof.cominAug 2022 · $6M

Proof provides online notarization and identity verification tools to establish trust for agreements and records executed remotely.

CybersecurityFintechGovTechLegalTechSaaS

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 VenturesCurql Collective, LLCJovonoLudlow VenturesAdvaita Capital+5 more

Provenanceprovenance.orgin𝕏Mar 2022 · $5M

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

Quizrrquizrr.seinApr 2020 · $1M

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 Airadical-ai.comin𝕏

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 VenturesInfinite Capitalnoa

SiTrationsitration.comin

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)inJeffrey Grossman(Director)

BoardJacob Bro(Director)inMatthew Nordan(Director)in

Co-investorsAzolla VenturesCarbonThe E14 FundBHP VenturesExtantia CapitalOrion Industrial Ventures

Supply Shiftsupplyshift.netacquired by Sphera

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 MARKETtothemarket.comin𝕏

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)in

Co-investorsCurate CapitalForward Venture CapitalKeyhorse CapitalLDR VenturesMatchstick VenturesPurple Sage Ventures+1 more

TRACTtract.ecoinSeries A · Oct 2025 · $22M

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-investorsFuture Food FundIcos CapitalPymwymicRabo Investments

Twinco Capitaltwincocapital.comin

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

Ululaulula.cominSeed · Jan 2018 · $1M

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

Versedversed.aiin𝕏

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.

GetliloLiloPhylagenPinkCollar

Exits · 3

1 IPOs · 2 acquisitions · showing 2

DiginexNASDAQ: DGNXSupply Shiftacq. by Sphera

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Working Capital Fund made?
Working Capital Fund has 30 tracked investments, 3 of which have exited, including 3 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 93 tracked co-investors.

Co-investors · 5

Alumni Ventures

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.

Both backed · 1
$100K – $10M
Hustle Fund

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.

Both backed · 1
CompScience
$150K
Norrsken VC

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.

Both backed · 1
$1.1M – $3.2M
Preface Ventures

Preface Ventures is an early-stage venture firm that backs experienced founders building 'Frontier Enterprise' companies focused on improving how people work.

Both backed · 1
CompScience
$750K – $2M
Contrarian Ventures

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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