Working Capital Fund — Full Portfolio

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

ESEvan Smith(Co-Founder and Chief Executive Officer)inRTRaphael Tehranian(Co-Founder and Chief Operating Officer)inPSPeter Swartz(Co-Founder and Chief Science Officer)inICIan Cadieuin

BoardGCGaetano Crupi(Director)inKFKarim Faris(Director)in

Co-investors5353 StationsACACTIVATE CAPITAL PARTNERSALAlleyCorpAMAmadeus Capital PartnersCOCollective LiquidityFLFloating 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-investorsALAlumni VenturesBABasecamp FundHUHustle FundIAIA Seed VenturesPAPathbreaker VenturesSCScrum 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-investorsOCOctopus VenturesASAscensionCOConcentric

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)inKHKen He(Founder)inAparajita Thakker(Founder)in

Co-investorsBEBeta BoomENEntrepreneurs Roundtable Accelerator (ERA)VEVery Serious VenturesBOBoro 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

RHRebecca Hu-Thrams(Founder)inAMAreeb Malik(Founder)inRebecca Hu(Founder)

Co-investorsALAlleyCorpALAlumni VenturesASAsymmetric Capital PartnersECEcosystem Integrity FundJEJetstreamNENew 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

HBHarley Blakeman(Founder)in

Co-investorsMAMatchstick VenturesTETechstarsTHThe Colorado Impact FundFOFoundry

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

AGAlexander Gillett(Executive Officer, Director)inAGArthur Gillett(Executive Officer, Director)inRAR. Alexander Gillett(Executive Officer, Director)in

BoardMGMatt Gorin(Director)inRHRichard Heitzmann(Director)inJoshua Mailman(Director)

Co-investorsASAstanor VenturesCOContour Venture PartnersDADanone Manifesto VentureDODoon CapitalFIFirstMark CapitalGOGotham 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-investorsEMEmpire AngelsEVEvolution VC PartnersKCKCRise FundRORoyal Street Ventures Management Company, LlcSASand Hill AngelsDIDigitalis 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

AGAdam Guggenheim(Executive Officer, Director)inCKChristine Koppinger(Executive Officer, Director)in

Co-investors50500 GlobalACAccial CapitalCACapria VenturesCACats.vcCLClocktower VenturesFJFJ Labs+14 more

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

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-investorsHEHemi Ventures, LlcY Y CombinatorAGAgrolimen VenturesBUBuckley Ventures Management Company LlcEXExponent CapitalFUFundersClub+16 more

Technology identifying supply chain sources using the environmental microbiome.

Co-investorsDODolby Family VenturesGOGolden SeedsJ-J-VenturesAGAgFunderBLBlackhorn VenturesBRBreakout 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

LSLisa Smith(Founder)inHNHarald Nitschinger(Founder)inLisa Madlberger(Founder)

Co-investorsAWaws GründungsfondsISIsaiISISAI GestionKOKOMPAS VCSESeed+SpeedSPSpeedinvest+6 more

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

CybersecurityEnterprise SoftwareFintechGovTechLegalTechMarketplacesSaaS

PKPat Kinsel(Founder)inLeandra Fishman(Chief Revenue Officer)Eric Fleischman(Chief Technology Officer)inRenee Hunter(Chief Legal Officer)inDarren Louie(Head of Product)inIan Macallisterin

Co-investorsCACamber CreekCACanapi VenturesCACapitalGCUCurql Collective, LLCETEthos VCJOJovono+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-investorsBLBlockchain Founders CapitalBUBuilders FundCVCV VCOXOxonian VenturesRARakuten 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-investorsALAlumni VenturesANAngel AcademeDIDigital Currency GroupMEMerian VenturesOPOpen Data Incubator for Europe (ODINE)S4S4S Ventures+1 more

Provenance offers online tools that help couples and wedding guests write personalized wedding content, including ceremony scripts, vows, and toasts.

ConsumerSaaS

TUTuna Uskudar(Founder)in

Co-investorsUPUpfront VenturesANAngel AcademeDIDigital Currency GroupMEMerian VenturesNONordic 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

SNSofie Nordström(Founder)in

Co-investorsNONorrsken VC

Radical AI develops AI software that generates experimental designs for self-driving labs to accelerate materials discovery.

AI & Machine LearningDeep TechNew Materials

JFJoseph F. Krause(Founder)inJorge Colindres(Founder)inGerd Ceder(Founder)Joseph Krause(Founder)

Co-investorsALAlleyCorpALAlumni VenturesINInfinite CapitalMAMarin Digital VenturesNOnoaALAlley 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

BSBrendan Smith(Co-founder & CEO)inJeffrey Grossman(Co-founder & Chief Scientist)

BoardJBJacob Bro(Director)inMNMatthew Nordan(Director)in

Co-investorsAZAzolla VenturesCACarbonTHThe E14 FundBHBHP VenturesEXExtantia CapitalOROrion 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)LSLoren Straub(Director)inTara Norton(Director)

Co-investorsAIAiiM PartnersBLBlackhorn VenturesBOBowery CapitalBUBuoyant Ventures Management, LlcVAValuestream VenturesVEVentureSouq+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

JMJane Mosbacher Morris(Founder & CEO)inYu Jin Han(Director)Mary Susan Wilberding(Director)

BoardCCCarrie Colbert(Director)in

Co-investorsBEBelle Impact FundCUCurate CapitalFOForward Venture CapitalKEKeyhorse CapitalLDLDR VenturesMAMatchstick 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-investorsFFFFFFUFuture Food FundICIcos CapitalLDLDCPYPymwymicRARabo 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

SNSandra Nolasco(Founder)inCMCarmen Marin(Leadership)inArancha Díaz-Llado(Leadership)inMariano(Leadership)Jorge(Leadership)Miguel(Leadership)

Co-investorsELElevate Innovation PartnersFIFinch CapitalMUMundi VenturesQUQuona CapitalFMFMO

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

AHAntoine Heuty(Founder and CEO)in

Co-investorsMAMarigold 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

SBSimon Baker(Research Associate)inPWPascal Wichmann(PhD student)in

Co-investorsFOFounders FactoryINInnovate UKUNUniversity of Cambridge EnterpriseY Y CombinatorCHCherry VenturesGRGradient Ventures