Theresa B. Mazzullo


Theresa Mazzullo has been the CEO of Excell Partners since 2006.  She has a 30-year track record in business, finance and entrepreneurship.  Having owned and sold a small business, she brings firsthand knowledge, unique skills, and proven experience to the seed stage investment arena.  In her role as CEO, her duties include governance, compliance, reporting, community integration, finance and fundraising.


Her community activity includes: Member, Finger Lakes Regional Economic Development Council; Co-Chair of the Finger Lakes Regional Council Entrepreneurship & Development Subcommittee; Member, Investment Advisory Board of the NYS Innovation Venture Capital Fund (NYSIVC); Board Member-Executive Committee and Treasurer, Greater Rochester Enterprise Board; Board Member, High Technology Rochester; Board Member; Memorial Art Gallery; Trustee, Farash Foundation; Advisory Board, University of Buffalo; Advisory Board, University of Syracuse.


Theresa spent six years as President & Principal of EPIC Advisors, Inc a 401(k) retirement plan company with $1.5 billion in retirement plan assets. In her capacity as President, she built an infrastructure that supported annual revenue growth of 20%.  She also directed business planning process regarding business strategy and tactics in the areas of finance, sales, marketing, administration, operations and information technology to ensure increased profitability and the achievement of the company vision.  Ultimately, she led the team to a successful exit in 2005.


As a former banker, Theresa held various positions within financial institutions, including a Senior Vice President of First National Bank, where she established and built a Trust and Investment Division while the bank was under a Consent Order by the office of the Comptroller of the Currency. She managed to grow the Trust & Investment Division to $125 million in five years and at the same time built and managed the infrastructure to support the broker-dealer business unit for the bank.


Along with her 30-year track record in business, Theresa brings a well developed network of contacts throughout the region and the state.  As a results-focused executive Theresa is adept at streamlining operations, identifying problems and defining and implementing solutions that increase top and bottom-line performance.  These skills along with her experience are brought to bear in managing Excell’s portfolio companies


Excell Partners, Inc.

Excell Partners is an affiliate of the University of Rochester. It is a seed stage fund that invests in technologies emerging from the communities and universities across upstate New York. With over $14 million under management, Excell has invested in 48 companies across multiple industry sectors. Excell is one of only six venture firms in New York State to receive funding from Empire State Development Corporation’s Innovate NY fund.