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The Venture Codex

Working Capital Fund

1991 Broadway St Ste 180, Redwood City, CA, 94063, United States

Overview

Invests in innovations for transparent and ethical supply chains.

Founded

2018

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Austria
Spain
The Netherlands
United Kingdom
...

Sector focus

Financial Services
Supply Chain Management
Venture Capital

Investment portfolio

22rounds
NAMEDATESIZE
Twinco Capital
Jun 2026Participated
$192 MDebt
Tract
Oct 2025Participated
$22 MSeries A
Glacier
Apr 2025Participated
$16 MSeries A
Elm AI
Apr 2025Led
$2 MOther Equity
CompScience
Feb 2025Participated
$28 MSeries B
Tract
Nov 2024Participated
$11 MOther Equity
Prewave
Jun 2024Participated
$67 MSeries B
Prewave
May 2023Participated
$20 MSeries A
Twinco Capital
Jan 2023Participated
$12 MOther Equity
Prewave
Sep 2022Participated
$11 MSeries A
CompScience
Aug 2022Participated
$6 MSeed
Proof of Impact
Aug 2022Participated
$6 MSeries A
Twinco Capital
Jun 2026Participated
$192 MDebt
Tract
Oct 2025Participated
$22 MSeries A
Glacier
Apr 2025Participated
$16 MSeries A
Elm AI
Apr 2025Led
$2 MOther Equity
CompScience
Feb 2025Participated
$28 MSeries B
Tract
Nov 2024Participated
$11 MOther Equity
Prewave
Jun 2024Participated
$67 MSeries B
Prewave
May 2023Participated
$20 MSeries A
Twinco Capital
Jan 2023Participated
$12 MOther Equity
Prewave
Sep 2022Participated
$11 MSeries A
CompScience
Aug 2022Participated
$6 MSeed
Proof of Impact
Aug 2022Participated
$6 MSeries A
22
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Working Capital Fund: 22 funding rounds are recorded in the selected participation categories.All available history.
Working Capital Fund: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed05
Series A17
Series B02
Other Equity33
Debt01

Monthly Deal Activity

Working Capital Fund: 22 deals are recorded across 103 months.All available history.
Working Capital Fund: 22 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '202
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '212
Jan '220
Feb '220
Mar '222
Apr '220
May '220
Jun '220
Jul '220
Aug '222
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Working Capital Fund: Enterprise Software is the largest displayed sector by deal count (12 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Working Capital Fund: Enterprise Software is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Enterprise Software12
Transportation & Logistics10
AI & Machine Learning9
Data, Analytics & IT6
Professional Services5
Clean Energy & Sustainability4
Networks, Cloud & Communication4
Fintech4
Manufacturing3
E-Commerce & Retail2
Space & Frontier Tech2
Consumer & Lifestyle2
Government & Defense1
Marketing & Advertising1
Crypto & Blockchain1
Hardware & Robotics1
Media & Entertainment1
Health & Life Sciences1

Deal Size Distribution

Working Capital Fund: 22 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Working Capital Fund: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M7
$10M-$25M8
$25M-$50M1
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Working Capital Fund: United States has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Working Capital Fund: United States has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
United States11
Europe10
Australia1
Working Capital Fund: 20 co-investors are shown, with AlleyCorp sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Working Capital Fund: 20 co-investors are shown, with AlleyCorp sharing 3 recorded deals. All available history
Co-investorShared deals
AlleyCorp3
KOMPAS VC3
Speedinvest3
Ventech3
Amadeus Capital Partners2
Creandum2
CV VC2
Franklin Templeton2
Oxford Angel Fund2
Quona Capital2
Rabo Corporate Investments2
Schematic Ventures2
seed + speed Ventures2
Segnalita Ventures2
3M Ventures1
ADM1
Advaita Capital1
AgFunder1
AiiM Partners1
Altera Private1

Investment Strategy

Working Capital Fund: Led accounts for 18% and participating for 82% of round participation.All available history.
Working Capital Fund: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led418%
Participating1882%
Working Capital Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Working Capital Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led4100%

Team

Dan Viederman

Managing Partner

Ed Marcum

Managing Director