Zalando and Childrens Investment Fund Foundation have added $2.5m to Working Capital's supply chain-focused fund, which now stands at $25.2m.
US-based venture capital fund Working Capital has increased its total capital to $25.2m with a $2.5m investment by e-commerce marketplace Zalando and philanthropic organisation Children’s Investment Fund Foundation.
Working Capital plans to invest in developers of technologies such as machine learning and internet-of-things sensors which can support ethical supply chains and eliminate abusive working practices in the manufacturing and sourcing of consumer products.
The fund’s existing partners include entertainment provider The Walt Disney Company, Humanity United, Walmart Foundation, C&A Foundation,…
