Vic is Managing Partner of lightbank. Founded in 2010, lightbank is top performing $300+ million seed and series a venture capital firm headquartered in Chicago. Lightbank is best known for its entrepreneurial DNA, propriety investment opportunities and track record for producing outsized returns. Over 70% of lightbank’s investments are in Chicago / Midwest. Vic focuses his efforts on all aspects of fintech and insurance. He has completed over $220M in fintech investments.
Vic is a native of Cleveland, Ohio and began his professional career in Chicago in 1995. He has over 20 years of experience in venture capital, fintech investing and financial services. He has been a part of over $750M in venture capital and M&A transactions. Vic has taken multiple companies public and through successful acquisitions. He currently services on the boards of Clearcover, Paladin Cyber, CarLease.com, Extend, Snapsheet, NuBundle, BillTrim, Fooda, BluePrint, Hireology, Ionic, BenchPrep, Udemy and Hatch Loyalty. Vic is also an advisor to the Chicago Blockchain Center, Currency and Fintech 71. He is an active supporter of financial services innovation efforts. Within the Chicago tech community Vic is a board member of Chicago Next and P33.
Prior to lightbank, Vic built and led USAA’s $330 million corporate venture capital program where he led investments in fintech (insurtech, banking, investment management), consumer internet, enterprise technologies and digital capabilities. He also held responsibility for the company’s M&A, joint ventures and intellectual property transactions. More recently, Vic was a Partner with Munich Re Ventures where he led their investment activities in insurtech including trov, super, slice labs and Next Insurance.
Investments Vic has led and boards he has served on include: Narrative Science, TRUECar (NASDAQ: TRUE), Care.com (NYSE: CRCM), ID.me, Automatic Labs (acquired by Sirius XM), Prosper Marketplace, Personal Capital, Coinbase, MX, Roost, Cartera Commerce (acquired by EBates), Roostify, RepairPal, Saffron Technologies (acquired by Intel Corp), CafeX, MindMeld (acquired by Cisco) and VAST. Preceding financial services, Vic’s background includes Chicago start-ups and leadership positions in law.
Vic has consulted to numerous financial services companies and venture capital firms on their fintech/insurtech investments as well as broader strategic initiatives. He has served as chairman of the National Venture Capital Association’s (NVCA) Education Committee for the Corporate Venture Group and served on the Board of Advisor’s for the NVCA. Vic has been featured in Andrew Roman’s best-selling book, The Masters of Corporate Venture Capital. He is also a TedX speaker and regular participant on insurtech and fintech discussion panels.
Victor is attending / has attended:
Venture Summit | West 2019
The 2019 New York Venture Summit