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Well-known angel investor Chris Sacca is about to launch an early-stage venture fund called Lowercase Capital, according to a report in TechCrunch.

The fund would be pretty small, the report says — $5 million in all, with investments of about $50,000 to $150,000 each. Still, it’s encouraging to see new figures entering the venture industry at time when so much of the the discussion is doom-and-gloom. As a Twitter backer, former Google employee, and someone who’s outspoken on political issues (you can read more about his politics in my coverage of a Government 2.0 panel a few months ago) Sacca is a prominent figure in the tech scene — there’s even a Twitter account devoted to parodying himr. Recent investments include web typography startup TypeKit and time management company RescueTime.

In response to my email, Sacca said he can’t comment, which suggests there’s something afoot (though the details may not necessarily match up with TechCrunch’s story). There is also a website up for Lowercase Capital, but it doesn’t have any information.

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