A Venture Fund
For The Energy Expansion & Green Molecules®

Energy Capital Ventures®️ is the only early-stage venture fund solely dedicated to the energy expansion enabled by the innovation and resilience of the natural gas value chain. We leverage a deep integration and a customized engagement with our corporate limited partners to enable the energy expansion. An energy expansion is required to meet the power needs of data centers, industrial manufacturing and the energy infrastructure itself.  Our firm believes an energy expansion is required, not an energy transition. We champion innovation in Green Molecules® which is the term we have trademarked to define the innovation and resilience of the natural gas value chain.

For the first time, entrepreneurs have a front door to the natural gas industry and a pure-play green molecules® partner. By investing in category-defining leaders, we bring the latest innovations to future-proof the natural gas industry and meet the world's ever growing energy demand.

Strategic Limited Partners

We are backed by some the most critical stakeholders in the energy industry. For our corporate limited partners, we are true partners in the energy expansion.

"By investing in ECV, we’re supporting and enabling the innovation of other companies that could bring new technologies to market to help advance our energy industry."
"This collaborative investment in Energy Capital Ventures in a cleaner energy future through safe and reliable natural gas technologies aligns with our ambition to make tomorrow even better than today.”
“Energy Capital Ventures’ advocacy for green-molecule innovation helps us evolve our business to provide a better tomorrow for the communities we serve."
“Energy Capital Ventures enables us to access an entire ecosystem of new and emerging technologies that will help us better serve our communities, steward the environment and deliver safe energy."
“A fund that is dedicated to the ESG goals and technology advancement of our industry is a transformative enabler that helps us partner with innovative startups to better serve our customers and community.”
"Joining forces with industry peers through ECV, we believe our investment will lead to transformational technologies which will benefit both the environment and customers for generations to come”
“By matching innovative entrepreneurs with established corporations, ECV can push the boundaries of what’s possible in delivering the affordable, reliable, clean natural gas customers depend on.”
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Founding General Partners

We are led by best-in-class venture capital investors and investment bankers. We have the advantage of extensive complimentary experience investing in other industries with similar market forces which have faced massive transformation.

From Coinbase and Personal Capital to TrueCar, MX, ID.me, Netspend, and many more, our previous investments have grown to category-defining multi-billion dollar companies that have changed how the world works. In addition to this, our team has a long career of successfully working with large corporations as they navigate innovation cycles.

Prior investments:

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Managing general Partner, Cofounder

Victor Pascucci III

15+ Years Of Venture Capital Experience

Vic is a tenured venture capitalist with decades of broad professional experience creating and executing strategic venture capital programs. He has a top-decile venture capital investment track record. Vic has facilitated over $750M in venture capital and M&A transactions in energy, fintech, insurtech and enterprise technology.

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General partner, cofounder

Ray O’Connor

30+ Years Investment Banking In Power, Utility Sector

Ray has over 30 years of international investment banking experience. He has seen great success throughout his career, providing strategic capital raising and derivative products to various energy and regulated/unregulated industries.

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General Partner, Cofounder, Chair Investment Committee

Rick Viton

15+ Years Investing & 30+ Years Advisory

Rick is a renowned thought leader in strategic venture capital investments with over 25 years of experience in private equity and investment banking. He is Chairperson of the ECV Investment Committee. Rick's expertise ranges from insurance/insurtech to M&A in private equity, corporate dealings.

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General Partner, cofounder

Jeff Yingling

35+ Years Leading Power/ Energy Investment Banker

Jeff is an experienced operator with over three decades of investment banking experience in energy utility and adjacent industries. He currently serves on the board of NorthWestern Corporation.

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VICE PRESIDENT

Stefano Galiasso

10+ Years Of Energy Engineering Expertise

Stefano assists the team with more than a decade of technical and consulting experience in energy engineering with utilities. He has consulted both commercial and university venture funds and has degrees in engineering and management.

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Associate

Dan Pfeil

5+ Years of Early-Stage Deeptech Venture Experience

Daniel has backed and advised more than 50 founders across AI, climate, and deeptech, leveraging his Mechanical Engineering background to help PhD-led teams translate breakthrough research into scalable ventures. He's led accelerator programs and collaborated with national labs, corporates, and universities to support the commercialization of frontier technologies.

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MBA Associate

Jack Smith

Jack Smith is an MBA Associate at Energy Capital Ventures, where he supports fund operations and investment evaluation across the energy value chain. Jack first joined the firm in July 2024 and began his MBA at the University of Michigan’s Ross School of Business in Fall 2025. He brings a strong foundation in corporate strategy, risk management, and energy innovation, helping bridge the gap between emerging technologies and strategic investment opportunities.

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Our Advisors

Energy Capital Ventures is supported by a preeminent Board of Strategic advisors.  Our advisors have served as leaders in state and federal government, power and utility corporations, civic organizations and technical advisory organizations, and global consulting firms. The overwhelming majority of our Board of Strategic Advisors are investors in Energy Capital Ventures.

Paul Addison

Former Board Member and Finance Committee, First Energy Corp

David Carroll

Former President & CEO, Gas Technology Institute (GTI); Former President, International Gas Union (IGU)

Kyle Crowley

Former SVP and Chief Development Officer at Exelon

Nelson Diaz

Former Member of the Board of Directors, Exelon its operating company, PECO

Stuart Frankel

Former CEO of Narrative Sciences (acquired by Salesforce)

Michael Geiselhart

former Senior Vice President, Chief Strategy and Corporate Development Officer at Spire Inc

Rod Goldstein

Former Chairman & Managing Partner, Frontenac

Chris Gould

EVP and Chief Sustainability Officer, California Resources Corporation

Joe Hamrock

Former President and CEO, NiSource

Brad Henderson

Chief Executive Officer, P33 Chicago; Board Member, Nicor Gas

Mike Huebsch

Former Commissioner, Public Service Commission of Wisconsin

Rob Jones

Former Managing Director and Vice Chairman of Investment Banking at Morgan Stanley, former board member of Progress Energy

Rich Kinzley

Former CFO, Black Hills Energy

Phil Lembo

Former CFO, Eversource Energy

Andy Lerner

Founder & Managing Partner, IA Capital

Allen Leverett

Former CEO, WEC Energy Group

Margaret MacLean

Former President, International, MacLean Power Systems

Sam Ramirez Jr

President and CEO, Ramirez Asset Management

Steve Rasche

Former EVP and CFO, Spire Energy

William “Bill” Rogers

Former EVP & CFO, CenterPoint Energy

Bob Rowe

Former CEO, Northwestern Energy

Ted Sargent

Executive Director, Paula M. Trienens Institute for Sustainability and Energy; Lynn Hopton Davis and Greg Davis Professor at Northwestern University

Timothy Alan Simon

Former Chairperson, NARUC Gas Committee. Former Commisioner; California Public Utilities Commission; Chairman North American Energy Standard Board, Advisory Council

Steve Trauber

Chairman and Global Head of Energy and Clean Technology, Moelis; Former Vice Chairman & Global Head of Energy and Clean Energy Transition for Citi

Jan Vrins

Current Partner/ Co-Founder, Clarum Advisors. Former Managing Director, Guidehouse

Mahvash Yazdi

Former SVP and Chief Information Officer, Edison International & So. California Edison
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