United States · 
What does Rand Capital invest in?
Rand Capital invests most often at Venture and Series B (61% of the rounds on record), in sectors such as Lower Middle Market.
Rand Capital highlights
- 01
30 rounds on record
- 02
Mostly Venture and Series B: 61% of its rounds
- 03
Sole investor in 5 rounds, median $1.0M
- 04
2 exits from the portfolio
What they do
- Type
- VC firm (from a list, unverified)
- Cheque size
- Not stated
- Stages
- SeedSeries ASeries BGrowth
- Sectors
- Lower Middle Market
- Based in
- Buffalo, United States
- Cold pitches
- Not stated
A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. Tell us the right one.
The record
Every round we can evidence, newest first30 appearances
- 2015
5 rounds
- Oct
- Sept
- Sept
- Apr
- Jan
- 2014
6 rounds
- Sept
- Jul
- Jul
- Jul
- Jun
- Feb
- 2013
8 rounds
- Dec
- Nov
- Nov
- Jul
- May
- Apr
- Mar
- Mar
- 2012
3 rounds
- Dec
- Nov
- Apr
- 2011
2 rounds
- Dec
- Apr
- 2008
1 round
- Dec
- 2007
1 round
- Jan
- 2006
2 rounds
- Oct
- Jan
- 2004
2 rounds
- Feb
- Jan
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration11 named
AFAllen F GrumExecutive Officer, DirectoriFiling they signed
BWBrechtel W MargaretChief Financial OfficeriForm ADV
DPDaniel Patrick PenberthyCo-Chief Executive OfficeriForm ADV
EEErland E KailbourneDirectoriFiling they signed
JKJayne K RandDirectoriFiling they signed
KMKristen Marie CammarataChief Compliance OfficeriForm ADV
OSOliver Scott BarfieldCo-Chief Executive OfficeriForm ADV
RBReginald B NewmanDirectoriFiling they signed
RMRobert M ZakDirectoriFiling they signed
RBRoss B KenzieDirectoriFiling they signed
WSWillis S McLeeseDirectoriFiling they signed
We also hold 13 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$137Massets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- RAND Capital Management LLC
- SEC number
- CRD 304504
Funds on its Form ADV
2 private funds, $77M in gross assets · filed Oct 2024
- Callodine Strategic Credit Fund II, L.P.Private equity7 investors$47M
- Bluearc Mezzanine Partners I, L.P.Private equity4 investors$30M
What they claim to have backed
From their own portfolio page (on their website)
0 of 1 we have independently watched raise
Valuation Policy
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Exits from the portfolio
Companies it backed that were later bought or listed2 in all
BinOpticsBought by M/A-COM Technology Solutions$230MNov 2014
Innov-X SystemsBought by Olympus CorporationUndisclosedJul 2010
An exit counts when it came after the firm's first round in the company. From historical deal records.