The firm is led by Managing General Partner Victor Pascucci III, who was previously an investor at Lightbank, a Chicago venture-capital firm launched by Groupon founders Eric Lefkofsky and Brad Keywell that’s invested in companies like Sprout Social and Udemy.

“The opportunity to provide a platform to foster innovation and collaboration for our strategic partners who play such a critical role in our country’s energy transformation is truly amazing,” Pascucci said in a statement announcing the firm.

Leading Energy Capital Ventures with Pascucci are general partners Jeff Yingling and Ray O’Connor, who have long been investment bankers. Additionally, Rick Viton, an insurance tech investor and partner with New York-based IA Capital Group, is also joining the firm.

At Lightbank, Pasucci invested in companies such as Chicago insurance startup Clearcover and social media management company Sprout Social, which went public in 2019.

Energy Capital Ventures’ board includes P33 Chicago CEO Brad Henderson and Chris Gould, the executive vice president and chief sustainability officer at the California Resources Corporation and the former head of corporate strategy and chief innovation officer at Exelon. 

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