Working Capital
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 […]
In the firm's own words, from its website.
2 additional team members, 21 additional co-investors and affiliates, 20 additional investments, funds and LPs, 2 verified contacts (2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 vehicleon Form D, 18 months
$24M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
- 2 dealswith Alleycorp Advisers
Invests most often alongside Alleycorp Advisers (2 shared deals) and Firstmark Capital (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
55 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Working Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Working Capital
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
24 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Ratiotech | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| Settle | portfolio listing | unknown | unknown | unknown | unknown | Sep 26, 2026 | Fact Company website |
| Highbeam | portfolio listing | unknown | unknown | unknown | unknown | Sep 25, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- 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
Team
5 current, 0 departed
Decision makers
- Dan Viederman · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
Who else at this firm · 2 people, grouped by function
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner
- Managingpartner
- Managingpartner
Contacts
2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
3 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Working Capital Innovation Fund III, L.P. | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $24.0M of $100M | Jun 10, 2026 |
| Working Capital Innovation Fund II, L.P. | Fund | 2021 form d first sale | Mature | $16.2M Mar 13, 2026 | 9 | $14.5M of $50.0M | Apr 30, 2021 |
| Working Capital - the Supply Chain Innovation Investment Fund, L.P. | Fund | 2017 form d first sale | Harvest | $22.8M Mar 13, 2026 | 8 | $18.0M of $30.0M | Jan 10, 2018 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
24 co-investors
Co-investors
- 2026-09-302 shared deals · recurring
- 2026-09-252 shared deals · recurring
- 2026-10-011 shared deal · one time
Compare portfolios with Alleycorp Advisers, LLC, Firstmark Capital, LLC, Great Oaks Management Company LLC or any firm. Co-investors across the market
Evidence and history
4 dated events, 61 observations from 3 sources
Timeline
- seen on or beforeSep 15, 2026Working Capital: MICRO_VC -> GOVERNMENT_VENTURE (name or self-description says a public body)Classification changedClassificationInference
- Jun 10, 2026Working Capital filed the first Form D for Working Capital Innovation Fund III, L.P. (fund 3), its next fund after Working Capital Innovation Fund II, L.P. (vintage 2021); offering $100.0M
- Oct 10, 2023Working Capital Innovation Fund II, L.P. first reported on Form ADV by Working Capital (Venture Capital Fund), GAV $8,840,115
- Jun 16, 2021Working Capital first filed Form ADV (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 13, 2026 · 2 private fundsShowHide
- Headquarters
- Washington D.C., DCadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $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), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 15, 2026Government-backed venture investor (confirmed, 95%)Name or self-description says a public body
- Sep 12, 2026Micro VC (confirmed, 95%)Venture manager, reported GAV $35.9M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%)Venture manager, reported GAV $35.9M across 2 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Feb 23, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Feb 23, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-06-16 | Mar 13, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-06-16 | Feb 23, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-13 | Mar 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-13 | Mar 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-02-23 | Feb 23, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 13, 2026 | Fact | Form ADV |
| SEC status effective | 2021-06-16 | Mar 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Feb 23, 2024 | Fact | Form ADV |
| Business phone | Mar 13, 2026 | Fact | Form ADV | |
| Business phone | Feb 23, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Headquarters | Washington D.C., DC | Mar 13, 2026 | Fact | Form ADV |
| Headquarters | Redwood City, CA | Feb 23, 2024 | Fact | Form ADV |
| Office address | Mar 13, 2026 | Fact | Form ADV | |
| Office address | Feb 23, 2024 | Fact | Form ADV | |
| Self-described type | government | Sep 16, 2026 | Fact | |
| Self-described type | government | Sep 15, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 13, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Feb 23, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 2 | Mar 13, 2026 | Fact | Form ADV |
| Private funds reported | 2 | Mar 13, 2026 | Fact | Form ADV |
| Private funds reported | 2 | Feb 23, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $39.0M | Mar 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $39.0M | Mar 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $35.9M | Feb 23, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated geography | global,united states,washington d.c “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | global,united states,washington d.c “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | AI, fintech, climate, hardware, crypto, logistics “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, fintech, climate, hardware, crypto, logistics “sector words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 2 | Mar 13, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Mar 13, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Feb 23, 2024 | Fact | Form ADV |
| Website | Mar 13, 2026 | Fact | Form ADV | |
| Website | Feb 23, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersGovernment-backed venture investor, confirmed · 2 filing advisers share this firmShowHide
Name or self-description says a public body
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.
- importance
- gav: 0.18 · funds: 0.25 · people: 0.04 · investments: 0.51 · co investors: 0.56
- active deployment
- investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 3 · reported gav: $39.0M · first adv filing: 2021-06-16 · years since first filing: 5.3
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-15
- Adviser's first ADV filing2021-06-16source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.