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5 Feb 2018

New venture fund launched to invest in innovative solutions promoting transparency & responsible supply chains

U.S. based foundation Humanity United has partnered with leading brands, foundations, and impact investors to launch a $23 million venture fund aimed at leveraging innovative technology solutions to promote responsible supply chains. Working Capital is backed by the C&A Foundation, affiliated with fashion retailer C&A, the Walmart Foundation, and Walt Disney Co, amongst others, and receives additional funding from the UK’s Department for International Development. The fund focuses on solutions in areas such as product traceability, worker engagement, sourcing platforms, risk assessment, and ethical recruiting tools in order to address the need for transparency and protection for vulnerable workers in supply chains.