# Working Capital Fund

> Working Capital Fund is an early-stage venture investor backing businesses that improve conditions for vulnerable workers through supply chain intelligence, worker engagement, responsible sourcing, financial technology and safer materials production. Incubated by Humanity United, it pairs investment capital with labor-rights expertise and corporate connections.

- **Founded:** 2017
- **Headquarters:** Redwood City, United States
- **Founders:** Humanity United (Founding and incubating organization)
- **Products:** Early-stage venture investment, Fund III, Impact management and measurement
- **Notable:** SupplyShift acquired by Sphera in January 2024; Versed AI acquired by Exiger in July 2024; Ulula acquired by EcoVadis in September 2024., Fund III first close of approximately $31 million announced in June 2026., The 2025 report records 19 active portfolio companies at year-end; women led or co-led 11 and received 48% of invested capital.

## Products & services

- **Early-stage venture investment** — Capital for startups whose products can improve labor rights, livelihoods and supply chain accountability; portfolio support includes commercial connections and impact measurement.
- **Fund III** — Third investment fund, with an approximately $31 million first close, focused on responsible supply chains, AI-enabled worker empowerment, climate adaptation and human rights due diligence.
- **Impact management and measurement** — Portfolio engagement using qualitative evidence and quantitative indicators to connect worker outcomes with business performance; public annual impact reporting.

## Achievements

- SupplyShift acquired by Sphera in January 2024; Versed AI acquired by Exiger in July 2024; Ulula acquired by EcoVadis in September 2024.
- Fund III first close of approximately $31 million announced in June 2026.
- The 2025 report records 19 active portfolio companies at year-end; women led or co-led 11 and received 48% of invested capital.
- The 2025 report says Quizrr trained over 1.2 million workers across 6,894 sites in more than 50 countries and Prewave monitored roughly 1 million suppliers.
- June 2026 announcement reports 24 investments across Funds I and II affecting workers in more than 60 countries.

## Latest updates

- **2026-09** — Published the 2025 Annual Impact Report on September 25 and said the firm was investing from Fund III.
- **2026-06** — Announced Fund III’s approximately $31 million first close on June 2; on June 11 highlighted SEDF’s $5 million commitment within that close.
- **2026-01** — Published its investment rationale for SiTration, which recovers critical minerals from waste and recycled materials.
- **2025-09** — Announced an investment in Radical AI’s autonomous materials discovery platform.

## Links

- Website: https://workingcapitalfund.com/
- LinkedIn: https://www.linkedin.com/company/workingcapitalfund
- Twitter/X: https://twitter.com/WorkingCapFund

---

Profile page: https://yespress.io/working-capital-fund
Published by YesPress — https://yespress.io
Last updated: 2026-10-27