Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Working Capital

Working Capital

Government-backed venture investorRedwood City, CAworkingcapitalfund.comSEC venture capital fund adviserfundraising evidenceone firm, 2 filing advisers

This firm files as 2 advisers on workingcapitalfund.com: Working Capital GP, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

Venture Capital for Equitable Supply Chains Our Partners Our Portfolio Venture Capital for Equitable Supply Chains Our Partners Our Portfolio Working Capital Fund is a venture capital firm investing in technology to build resilient, responsible and sustainable global supply chains. learn more Our Partners Portfolio Companies m workers reached directly in 2023 M Data Points […]

name or self-description says a public body

Importance
20
moderate
Active deployment
90
high
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
26
moderate
Identity and regulatory footprint
Headquarters
Washington D.C., DCadviserinfo.sec.gov
Office address
1200 17TH STREET NW, SUITE 500, Washington D.C., DC, 20036adviserinfo.sec.gov
Business phone
9178731749adviserinfo.sec.gov
Website
http://www.workingcapitalfund.com
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 13, 2026
Private funds reported
2 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$39.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Working Capital Holdings LLC (Sole Member), E
business phone
831-818-7374adviserinfo.sec.govpublished by the subject
business phone
9178731749adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
19 observed deals
Stated (the firm’s website)
Sectors
ai, fintech, climate, hardware, crypto, logistics
Stages
not stated or not yet read
Geography
global, united states, washington d.c
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
government
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 19
Funds and vehicles
3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Working Capital Innovation Fund III, L.P.Fund2026 form d first saleFundraisingunknownunknown$24.0M
of $100M
Jun 10, 2026
Working Capital Innovation Fund II, L.P.Fund2021 form d first saleMature$8.8M
Feb 23, 2024
5$14.5M
of $50.0M
Apr 30, 2021
Working Capital - the Supply Chain Innovation Investment Fund, L.P.Fund2017 form d first saleHarvest$27.1M
Feb 23, 2024
8$18.0M
of $30.0M
Jan 10, 2018
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
5 current, 0 departed
Kathleen McLaughlin
President, Walmart Foundation
Founder or executive
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Sean Hinton
then-CEO, Soros Economic Development Fund
Founder or executive
FactVenture organization websites (about, team, portfolio, thesis, news pages)
DAN Viederman
Managing Partner · since Jan 1, 2020
Managing partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Edmund Marcum
Managingpartner · since Jan 1, 2020
Other
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Paarul Dudeja
Managingpartner · since Jan 1, 2020
Other
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Investments on record
19 edges, 19 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Altana AIportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
CompScienceportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
contingent.aiportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Elm AIportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
HowGoodportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Liloportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
OpenSCportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Pink Collarportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Prewaveportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
PROOFportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Provenanceportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
QUIZRRportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Sceniusportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
SupplyShiftportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
THE MARKETportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
TRACTportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Twinco Capitalportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
ULULAportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Valar Atomicsportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
18 relationships from shared deals, counted for the whole firm
Alleycorp Advisers, LLC 3 shared · recurringStarbridge Venture Capital LLC 1 shared · one timeDTX Vc LLC 1 shared · one timeActivate Capital Partners 1 shared · one timeConcentric Team LLP 1 shared · one timeCNK Equity Partners I, LLC 1 shared · one timeCurate Capital LLC 1 shared · one timeTranslink Capital 1 shared · one timeFirstmark Capital, LLC 1 shared · one timeValor Equity Partners 1 shared · one time · they led 1Flux Capital 1 shared · one timeSpeedinvest Gmbh 1 shared · one timeValuestream Ventures 1 shared · one timeHOF Capital 1 shared · one timePathbreaker Ventures II, LLC 1 shared · one timeGreat Oaks Management Company LLC 1 shared · one timeCollab+currency Management, LLC 1 shared · one timeA.capital Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
3 dated events
  1. Sep 15, 2026
    Working Capital: MICRO_VC -> GOVERNMENT_VENTURE (name or self-description says a public body)
    Classification changedClassificationInferenceno URL
  2. Oct 10, 2023
    Working Capital Innovation Fund II, L.P. first reported on Form ADV by Working Capital (Venture Capital Fund), GAV $8,840,115
    Fund first reported on Form ADVFundsFactWorking Capital Innovation Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Jun 16, 2021
    Working Capital first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Government-backed venture investor (confirmed, 95%, cls-1)
    name or self-description says a public body
  2. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $35.9M across 3 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $35.9M across 2 vehicles
Evidence
46 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2021-06-16Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-13Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-02-23Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2021-06-16Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone9178731749Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone831-818-7374Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionVenture Capital for Equitable Supply Chains Our Partners Our Portfolio Venture Capital for Equitable Supply Chains Our Partners Our Portfolio Working Capital Fund is a venture capital firm investing in technology to build resilient, responsible and sustainable global supply chains. learn more Our Partners Portfolio Companies m workers reached directly in 2023 M Data Points […]
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionVenture Capital for Equitable Supply Chains Our Partners Our Portfolio Venture Capital for Equitable Supply Chains Our Partners Our Portfolio Working Capital Fund is a venture capital firm investing in technology to build resilient, responsible and sustainable global supply chains. learn more Our Partners Portfolio Companies m workers reached directly in 2023 M Data Points […]
“meta description”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersWashington D.C., DCMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersRedwood City, CAFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address1200 17TH STREET NW, SUITE 500, Washington D.C., DC, 20036Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address1991 BROADWAY, STE 180, Redwood City, CA, 94603Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Self-described typegovernment
“We’re pleased to share that the Soros Economic Development Fund (SEDF), the impact investing arm…”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typegovernment
“We’re pleased to share that the Soros Economic Development Fund (SEDF), the impact investing arm…”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://workingcapitalfund.com/portfolio/
“21 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://workingcapitalfund.com/portfolio/
“21 entries read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported2Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported2Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$39.0MMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$35.9MFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyglobal,united states,washington d.c
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyglobal,united states,washington d.c
“geography words on the home page”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,fintech,climate,hardware,crypto,logistics
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,fintech,climate,hardware,crypto,logistics
“sector words on the home page”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://workingcapitalfund.com/partners/
“2 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://workingcapitalfund.com/partners/
“2 name/title pairs read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported2Mar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported2Feb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttp://www.workingcapitalfund.comMar 13, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttp://www.workingcapitalfund.comFeb 23, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleHome - Working Capital
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHome - Working Capital
“title tag”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)