We’re pleased to share that the Soros Economic Development Fund (SEDF), the impact investing arm of Open Society Foundations, has committed $5 million to Working Capital Fund III as part of our initial $31 million close. The reinvestment builds on SEDF’s earlier backing of WCF and deepens our shared focus on advancing human rights across global supply chains.

Fund III continues our decade-long work backing technology that improves conditions for vulnerable and often-invisible supply chain workers. It deepens our focus in three areas: AI-enabled worker empowerment, climate adaptation for supply chain workers, and scalable human rights due diligence tools built for emerging global regulations.

“SEDF is pleased to reinvest in the Working Capital Fund, a private sector leader advancing human rights across global supply chains,” said Georgia Levenson Keohane, CEO of SEDF. “Working Capital has demonstrated how innovative deployment of catalytic capital can drive meaningful supply chain transformation and scale tools that advance the dignity of work across the world.” 

“SEDF’s continued partnership is a meaningful validation of what we’ve built and where we’re going,” said Ed Marcum, managing partner at the Working Capital Fund. “Investors like SEDF—who understand both the commercial and systemic dimensions of this market—are essential to proving that supply chain accountability is not a trade-off but a competitive advantage. We’re grateful for their trust and for the signal it sends to the broader market.” 

Read the full announcement here.