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Article

30 Jan 2018

Author:
Humanity United

Humanity United launches venture fund to drive innovations for responsible supply chains

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Working Capital, an early-stage venture fund, launched today with the goal of accelerating supply chain innovations to enable corporations to operate more transparently and ethically around the world. [...] To create this first-of-its-kind fund, Humanity United teamed up with leading brands, foundations, and impact investors that share a commitment for more responsible supply chains. Working Capital operates on a shared vision of building scalable solutions to improve labor practices in the global operations and extended supply chains of multinational corporations. [...] 

“There is a growing market demand for more transparent and responsible corporate supply chains,” said Ed Marcum, Managing Director at Working Capital. “We see an opportunity to invest in emerging solutions that will meet the demands of large multinational corporations while also benefiting millions of vulnerable workers at the bottom of the economic pyramid.”

The Fund will also leverage support from the UK’s Department for International Development [...]  for pre-investment and seed-stage interventions.