# Working Capital: portfolio, investments and team > Working Capital is a vc firm based in United States. 4 investments on record, 3 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/working-capital-fund (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Working Capital Last cheque observed Oct 2026; 4 cheques on record. Email Deploying now New fund $145M, May 2026 VC firm Seed Series A Series B Supply_chain AI Blockchain Follow Working Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fworking-capital-fund) Deploying now **100%** of best year **3** **cheques in 12 months**, 4 on record Since the last cheque **18** days **00** hrs **00** min **00** sec Median round **$26M** Rounds led **0 of 4** Pitch Working Capital ## Working Capital highlights - 01 3 cheques in the last 12 months - 02 Mostly Series A and Series B: 100% of its rounds ## What they do > Working Capital Fund is a venture capital firm investing in technology to build resilient, responsible and sustainable global supply chains. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Supply_chain AI Blockchain - **Based in:** Redwood City, United States - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **4 appearances** - **2026** 2 rounds - **Oct** **[CarbonFarm](https://millionrounds.com/company/carbonfarm)** Series A · FR · ElectriFI **$7.8M** With 10 others - **Jun** **[Twinco Capital](https://millionrounds.com/company/twinco-capital)** Series B · ES · Ventureburn **$192M** With 4 others - **2025** 1 round - **Nov** **[Tractor Junction](https://millionrounds.com/company/tractor-junction)** Series A · IN · Rabo Investments **$23M** With 8 others - **2024** 1 round - **Nov** **[Minu](https://millionrounds.com/company/minu)** Series B · MX · LatamList **$30M** With 15 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **8 named** BM **Bryan Michael Darroch** Director i Filing they signed DV **Dan Viederman** Managing Partner i Form ADV EM **Ed Marcum** Managing Partner i Filing they signed EM **Edmund Marcum** Managing Partner i Form ADV KN **Kenneth n/a Chan** Mr. Chan is the Managing Member and Portfolio Manager of the Investment Manager i Filing they signed PD **Paarul Dudeja** Managing Partner i Form ADV SE **Shin Ein Ng** Director i Filing they signed WK **Wai Keng Michael Kwok** Ms. Kwok is also a Director and the Chief Operating Officer of the Investment Manager i Filing they signed We also hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$39M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Working Capital Management LLC - **SEC number:** CRD 314887 Who backs their funds ## 3 LPs on record in Working Capital's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**The Omidyar Group** 1 fund](https://millionrounds.com/fund/the-omidyar-group) Fund Vintage Committed Working Capital Fund Fund III - - - [**Soros Economic Development Fund** 1 fund](https://millionrounds.com/fund/soros-economic-development-fund) Fund Vintage Committed Working Capital Fund Fund III - - - [**SAP** 1 fund](https://millionrounds.com/fund/sap) Fund Vintage Committed Working Capital Fund Fund III - - New fund on file **$145M** raised in May 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$26M** the round, not its cheque Led 0 of 4 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A said *2* - Series B said *2* - Seed said *-* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching Working Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Working Capital put money into. [**CarbonFarm** $7.8M · Oct 2026](https://millionrounds.com/company/carbonfarm)[**Twinco Capital** $192M · Jun 2026](https://millionrounds.com/company/twinco-capital)[**Tractor Junction** $23M · Nov 2025](https://millionrounds.com/company/tractor-junction) ## Mentioned on podcasts Episodes that name Working Capital in their description, not their title. - [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 19 Mar 2026 · 53 min 1047. Insights: Can you launch a start-up in 2026? Live from J.P. Morgan Payments Mentions [HV Capital](https://millionrounds.com/fund/hv-capital)[Working Capital](https://millionrounds.com/fund/working-capital-fund)[Philipp Povel](https://millionrounds.com/person/philipp-povel) Apple Podcasts ## Quick answers about Working Capital ### What does Working Capital invest in? Working Capital invests most often at Series A and Series B (100% of the rounds on record), in sectors such as Supply_chain, AI and Blockchain. ### How active is Working Capital? 4 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026. ### What has Working Capital invested in recently? Its most recent investments on record: CarbonFarm (Series A, Oct 2026), Twinco Capital (Series B, Jun 2026) and Tractor Junction (Series A, Nov 2025). ### How big are Working Capital's cheques? The median round it joins is $26M. ### Is Working Capital investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### What kind of investor is Working Capital? Working Capital is a VC firm based in Redwood City, United States. ### How much does Working Capital manage? About $39M, as gross assets of its private funds (Oct 2026). ### Has Working Capital raised a new fund? Its latest fund filing with the SEC was in May 2026, reporting $145M raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=working-capital-fund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=working-capital-fund)