Soros Economic Development Fund commits to Working Capital Fund III
The commitment forms part of WCF III’s initial $31 million close.
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The Soros Economic Development Fund (SEDF), the impact investing arm of Open Society Foundations, has announced a $5 million commitment to the Working Capital Fund III (WCF III), an early-stage venture fund backing technologies that advance transparency, accountability, and equity across global supply chains.
The commitment marks a reinvestment by SEDF, which backed WCF in a prior fund, and forms part of WCF III’s initial $31 million close, with a final target of $100 million.
The fund will invest in companies that address the intersection of labour rights, accountable business practices, and the use of technology to expand opportunity for historically marginalised workers. Fund III also deepens WCF’s work in three core areas: AI-enabled worker empowerment, climate adaptation for vulnerable supply chain workers, and scalable human rights due diligence tools aligned with 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.”
SEDF is joined in this investment by The Omidyar Group, Minderoo Foundation, SAP, and Stardust Fund, among others.
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