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Theresa Mazzullo Receives Upstate Capital’s Ecosystem Award

Theresa Mazzullo Receives Upstate Capital’s Ecosystem Award

We are proud to celebrate leaders who strengthen New York’s investment community and elevate our region’s innovation economy. This year, we are thrilled to honor Theresa Mazzullo, CEO of Excell Partners, as the recipient of our Ecosystem Champion Award, a recognition reserved for individuals whose dedication, collaboration and impact have helped shape the future of entrepreneurship across Upstate New York.

A Champion for Early-Stage Innovation

Theresa has been a driving force in the startup and investment landscape since taking the helm at Excell Partners in 2006. With more than three decades of experience in business, finance and entrepreneurship, she brings a deep understanding of what early-stage companies need to grow. 

Her background as a founder who launched and sold her own business gives her a unique and grounded perspective that has guided countless entrepreneurs through critical inflection points. 

Under her leadership, Excell Partners has become a cornerstone of the region’s seed-stage investment ecosystem. From governance and compliance to community integration, finance and fundraising, Theresa’s work has supported the growth of the next generation of high-potential technology companies.

Transforming Capital Access Across Upstate

Theresa’s impact extends well beyond her role at Excell. As the co-founder of Impact Capital NY, LLC, a $32 million privately held venture fund, she continues to increase the amount of capital available to founders building companies throughout Upstate New York. 

Her fundraising achievements tell a powerful story. Through her leadership and persistence, she has brought more than $80 million into the regional ecosystem. These investments have strengthened innovation, supported job creation and helped establish Upstate New York as a competitive environment for high-tech startups.

Leadership Rooted in Community

Theresa’s commitment to the region is evident in her extensive service across organizations that influence economic development and entrepreneurship. She currently serves as: 

Her involvement reflects a strong belief in collaboration and long-term stewardship. These values mirror our mission to strengthen New York’s innovation ecosystem through partnership and shared purpose. 

Honoring a Lasting Impact  

Theresa embodies the spirit of the Ecosystem Award. Her leadership lifts others, builds community and drives sustainable growth for the region. We are honored to celebrate her contributions and the positive impact she continues to make across Upstate New York.

Congratulations to Theresa on this well-deserved recognition!