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Working Capital Fund

Working Capital Fund reports Fund III first close and SEDF commitment

June 11, 2026 primary Manager profile

Summary: Working Capital Fund's official pages say the firm announced the first close of Working Capital Fund III at approximately $31 million in aggregate commitments and that Soros Economic Development Fund committed $5 million as part of that close. The source pages identify The Omidyar Group, Soros Economic Development Fund, Minderoo Foundation, SAP, and Stardust Equity as investors in or anchors of the initial close. This draft treats the item as a source-attributed private-fund fundraising and strategy signal, not as an endorsement, performance claim, or independent validation of investor demand.

Why it matters: The update may matter to due-diligence readers because it gives a public signal about a venture/private-fund manager raising capital around responsible supply-chain technology, with named institutional and foundation-linked investors in the initial close.

9AT filing context: Filing-derived identity context maps Working Capital to an exempt-reporting adviser profile tied to workingcapitalfund.com, with a Washington, DC adviser filing row and two reported venture-capital private funds in the current data. The analyst handoff reported about $39.0M in total private-fund gross asset value across those two reported funds and a 2026-03-13 ADV submission date. Use this only for identity and fund-family context; it does not verify the Fund III close, SEDF commitment, target size, investor roster, or strategy claims. No 13F or Form 5500 context is useful for this item.

Summary

Working Capital Fund’s official source pages say the firm announced the first close of Working Capital Fund III at approximately $31 million in aggregate commitments. A related official page says Soros Economic Development Fund committed $5 million to Working Capital Fund III as part of that initial close.

The Working Capital Fund pages identify The Omidyar Group, Soros Economic Development Fund, Minderoo Foundation, SAP, and Stardust Equity as investors in or anchors of the close. The sources describe Working Capital Fund as a venture capital firm focused on technology for resilient, responsible, and sustainable global supply chains.

This should be treated as a source-attributed fundraising and manager-strategy update. It should not be read as an investment recommendation, performance claim, endorsement of the fund, or independent validation of the manager’s strategy or future fundraising prospects.

Why it matters

For due-diligence readers, the useful signal is that Working Capital Fund has publicly disclosed an initial close for a third fund and identified a set of foundation-linked, strategic, and mission-oriented investors. That can help readers track the manager’s fund sequence, investor base, and continued focus on supply-chain risk, labor, climate, and technology themes.

The SEDF commitment is also relevant as a repeat-investor signal, but it should stay tied to the source’s description. The update does not establish final fund size, portfolio composition, return expectations, investor demand beyond the reported commitments, or whether any particular investor should view the strategy favorably.

Because Working Capital is a generic name, the strongest identity support is the official workingcapitalfund.com source domain and the source’s description of Working Capital Fund III. Filing context can support identity scoping, but it is not proof of the fundraising event.

Source notes

9AT filing context

Filing-derived identity context maps Working Capital to an exempt-reporting adviser profile tied to workingcapitalfund.com, with a Washington, DC adviser filing row and two reported venture-capital private funds in the current data: Working Capital, The Supply Chain Investment Fund I and Working Capital Innovation Fund II, L.P. The data-analyst handoff reported approximately $39.0 million in total private-fund gross asset value across those two reported funds and a 2026-03-13 ADV submission date.

That context supports identity and fund-family scoping for a Working Capital supply-chain investment-fund lane. It does not verify the Working Capital Fund III close, the SEDF commitment, any target size, investor roster, impact claims, or use-of-proceeds details. The analyst also noted that the returned private-fund list did not show Fund III, so the public source pages remain the controlling support for this item.

No 13F or Form 5500 context is included. The candidate is a venture/private-fund fundraising item, and the analyst handoff found no useful Form 5500 context for the AM slate.

What to watch

Watch for future primary Working Capital Fund, SEDF, Form D, SEC adviser, or investor communications that confirm additional closes, final fund size, specific portfolio activity, or changes in the manager’s supply-chain investment focus.

Also watch whether follow-on disclosures identify the exact investing vehicle, governance or advisory-board changes, portfolio-company examples, or additional limited partners. Future coverage should remain grounded in public source documents and avoid treating mission or impact language as independent evidence of outcomes.

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