We are on a mission to improve the lives of marginalized workers across global supply chains, catalyzing economic justice.
The supply chain holds enormous power in shaping the lives of people and the health of our planet. On average, a Fortune 500 company works with at least 10,000 suppliers and businesses. These vast and complex networks produce the clothes, food, electronics, and vehicles we rely on daily. This extensive global supply chain contributes to some of the most critical challenges facing humanity. Annually, it generates $354 billion worth of goods at risk of involving forced labor. Supply chains are also the primary source of greenhouse gas emissions, fueling the climate crisis and relying on the labor of over 17 million people in modern slavery conditions.
Fortunately, many emerging technologies can drive change at scale. Working Capital Fund invests in solutions like AI-enabled transparency tools that can map corporate supply chains and assess risk in real-time, worker-voice solutions that empower laborers to hold employers accountable, and financial technology ensures fair pay and generates sustainability data on upstream suppliers. These innovations can help create a more just and responsible global supply chain.
Our investment approach offers the promise of impact at scale with sustained revenue and growth.
Showcase one of these examples: Altana, Diginex, HowGood, Kenzen, OpenSC, Phylagen, Proof, Provenance
We identify and implement innovative technologies that address urgent labor rights and ethical supply chain needs.
Our core technologies include artificial intelligence (AI) and machine learning, computer vision, health-tech wearables, blockchain, and a range of fintech and traceability tools.
Showcase one of these examples:, CompScience, Kenzen, Phylagen, Prewave, Quizrr, Versed
Our investments drive systems change in global supply chains by addressing the root causes of social and environmental challenges while promoting sustainable and equitable practices throughout the supply chain.
Showcase One of these Examples: Honest Jobs, Kenzen, OpenSC, Phylagen, Provenance, Supply Shift, To The Market
Quizrr is a Swedish EdTech company that offers innovative training solutions backed with real time data to advance corporate responsibility and capacity building in global supply chains. Founded in 2013, [read more] Quizrr uses digital training solutions to educateemployees in global supply chains on issues such as employment rights, workplace safety, and social dialogue, using a bottom-up approach. The content, reflecting several of the Sustainable Development Goals, is based on global requirements such as the ILO Core Conventions, IOM’s Migrant Worker Guidelines for Employers, Employer Pays Principle (EPP). To date, Quizrr has engaged over 60 global companies and their sourcing facilities in over 2 million training sessions on the Quizrr training platform. [/read]
Kenzen is building the premier physiological monitoring platform to keep industrial workers safe on the job. Kenzen combines its small wearable device with real-time predictive analysis to [read more] prevent injuries due to heat stress, exertion, and fatigue. Kenzen has already deployed its solution on worksites in the construction, field services, power, and renewable energy industries, and is expanding to deployments in transportation, mining, and oil & gas in 2020.[/read]
Honest Jobs Holdings is disrupting the inefficient and exploitative labor migration markets in order to eliminate conditions of forced labor. We do this by providing funds, mentorship, andconnections to [read more] entrepreneurs who are building the recruitment firms that will ultimately make ethical recruitment of migrant workers the standard across Asia and the world. [/read]
Versed AI provides companies with multi-tier supply chain visibility, surfacing previously unknown supply chain relationships down to tier-n. Using cutting edge Natural Language Processing [read more] and Machine Learning technology, we are able to identify multi-tier supply chain relationships, analyse complex networks to identify risk concentrations, and support intelligent decision-making. [/read]
SupplyShift unifies standard supply chain practices and responsible sourcing data by seamlessly gathering and analyzing supplier networks, connecting companies to de-risk and empowering [read more] companies to make better decisions for their business, the planet, and people. Its cloud-based platform allows for reliable data management and performance measurement, secure traceability for supply chain transparency, and improved collaboration throughout the entire supply chain. [/read]
Diginex is a disruptive impact tech business helping organisations to address the world’s most pressing ESG, Climate and sustainability issues, utilising the latest blockchain technology to lead change [read more] and increase transparency. Diginex helps organizations who want to do better and be more responsible to realise the commercial benefits of ESG and make data-driven decisions to mitigate risk, build resilience and capitalize on growth opportunities. Organizations use Diginex’s technology to future- proof their business models and accelerate growth, while contributing to a better future.[/read]
OpenSC is an impact venture that uses advanced technology to enable more sustainable, ethical and profitable supply chains. Businesses and consumers can use the [read more] OpenSC platform to do three things: verify claims about sustainable and ethical production using data science and machine learning; trace products throughout supply chains using IoT and blockchain; and share information with consumers to promote purchasing of more responsible products. [/read]
Provenance is the leading software platform for supply chain and impact transparency. They exist to enable citizens to access and trust in business sustainability [read more] efforts beyond today’s marketing hype. Their technology supports businesses to make the origin, journey and impact behind products open and to communicate this with integrity to the public.
Enabled by blockchain, mobile and open data, the software gathers and shares verified information in a way that’s secure, trustworthy and accessible. Winner of the “Blockchains for Social Good” Horizon 2020 prize from the European Union Commission, Provenance is bringing the supply chain to the shopper, online and in-store in a meaningful way. [/read]
To The Market (B Corp, Women-Owned) is a software platform enabling transparency in the retail supply chain, allowing retailers, brands and corporations to procure [read more] goods and quantify the environmental and social impact of their procurement. We provide clients with metrics such as KWh of Energy, L of Water, and kgCO2 avoided. Utilizing seamless end-to-end workflow management, TTM provides turn-key supply chain management to our clients, which consist of Fortune 500 corporations, retailers, and brands. [/read]
CompScience workers’ comp insurance is the first-ever AI powered workers’ compensation insurance. We’re revolutionizing the industry on our mission to bring [read more] workplace accidents to zero. Using the world’s most advanced safety analytics technology, we provide companies the tools to analyze their safety risk, and prevent accidents before they happen.
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Altana AI provides a shared artificial intelligence model of the global supply chain to help governments, enterprises, and financial institutions to see across borders, [read more] manage risk, and improve global commerce. [/read]
Ed has over 20 years of experience working on human rights and venture capital investing. During over a decade at Humanity United, he established the direction of the foundation’s grant-making and impact-investing efforts to address forced labor in corporate supply chains. Ed has experience working across the for-profit, not-for-profit, and public policy arenas. He received his bachelor’s degree from the University of California, Berkeley, and an MBA/MA from The Wharton School and the Lauder Institute at the University of Pennsylvania.
Dan engages and supports entrepreneurs in pursuit of innovative tools to scale improvements for marginalized workers in global supply chains. He is an award-winning social entrepreneur and leader in supply chain innovation, having led Verite for fifteen years. He began his career in China where he established two international NGOs. Dan is a graduate of Yale University, has an MA from the Columbia University School of International and Public Affairs and a certificate in Chinese from Nanjing Teacher’s University.
Paarul leads investments that are at the intersection of innovation, impact and return generation. An investment professional and entrepreneur, she brings global experience across the equities investment continuum. She has held diverse positions at both commercial and impact funds, and multilaterals working to combine financial returns with economic development and social change. Paarul holds an MBA from Harvard Business School.
Evan brings 10 years of impact-driven startup experience. He started his career co-leading Circles & Ciphers, a startup offering alternatives to incarceration in Chicago, scaling the organization over tenfold in six years. In 2020, he started his MBA at Yale School of Management, during which he interned at two early-stage VC funds: Kapor Capital and The Legal Tech Fund. At Working Capital, Evan plays a lead role in sourcing, diligence, fund modeling, and thesis creation.
Martin has over a decade of experience in corporate innovation, data-driven management, and social impact partnerships. He joins WCF from the World Bank Group, where he worked at the Climate Change Department, the Office of the CEO, and the Donor and Partner Relations team. He has a Master's in Public Administration from Columbia University's School of International and Public Affairs, a Master's in Public Policy from the Hertie School of Governance in Berlin, and a Bachelor's in Philosophy from the University of Zurich.
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Rebecca specializes in program evaluation and policy analysis and has a background in social work. She brings experience from both the public sector in federal and state governments, as well as the private sector in non-profits. Before joining WCF, she focused on gender-based violence, human trafficking, and criminal legal reform through policy advocacy and research. Rebecca is a recent graduate of the University of Michigan’s Master’s of Social Work program in Ann Arbor.
Supply chain accountability means that multinationals, brands, buyers, and others with influence in supply chains take responsibility for labor and human rights issues in their supply chains. The benchmark we use is the UN Guiding Principles on Business and Human Rights, which defines what a business is responsible for and under what circumstances. Expectations for supply chain accountability are shifting, which is why Working Capital Fund invests in scalable solutions that can evolve to meet these needs.
