About

Providing Venture Capital for Over 45 Years

Rand Capital is a Business Development Company (BDC) that focuses its equity investments in early or expansion stage companies or can structure its debenture investments for mature companies.  Rand looks for strong leadership who is bringing to market new or unique products, technologies or services that have a high potential for growth.

BDCs are publically traded closed-end funds that enable investors to participate in high yielding private market investing while maintaining daily liquidity.  What makes us stand out from other BDCs is that our primary focus is to achieve long-term capital appreciation on equity investments, while maintaining current cash flow from debt and dividend-paying equity.

We typically partner with other investors and lead transactions in the vicinity of our home geography of Upstate New York.  We frequently participate on the Boards of Directors of companies within our investment portfolio or otherwise advise their management teams. To understand Rand is to understand our strategy for investing and to understand our underlying portfolio companies.

What Makes Us Unique

What makes us stand out from other companies is that we are essentially a fund with investments in small, private companies with a unique product or service.  We are different from most other BDCs, given our heavy weighting on equity appreciation.

Our Results

Our Small Business Investment Company (SBIC) was established in 2002.  Since then, until December, 31 2016, we exited 27 investments and achieved a 3.0x cash multiple on our investments in those companies, achieving a 25.0% internal rate of return. 

In the past five years ending December 31, 2016, we exited 12 investments and achieved a 4.0x cash multiple on our investments in those companies, achieving a 32.3% internal rate of return.

Having skin in the game (~15% insider ownership), coupled with years of venture capital experience is a powerful combination.

Historical Investment Partners

Some of our historical investment partners include, but are not limited to:

Advantage Capital Partners

Advantage Capital Partners

Ascent Venture Partners

Ascent Venture Partners

Bain Capital Ventures

Bain Capital Ventures

Bessemer Venture Partners

Bessemer Venture Partners

Buffalo Angels

Buffalo Angels

CEI Ventures

CEI Ventures

Cayuga Venture Fund

Cayuga Venture Fund

Excell

Excell

FA Technology Ventures

FA Technology Ventures

Fairhaven Capital

Fairhaven Capital

Gefinor Capital

Gefinor Capital

GrandBanks Capital

GrandBanks Capital

Intel Capital

Intel Capital

North Atlantic Capital

North Atlantic Capital

Pine Street Capital Partners

Pine Street Capital Partners

Richmond Capital Partners

Richmond Capital Partners

Rochester Angel Network

Rochester Angel Network

Summit Partners

Summit Partners

Z80 Labs

Z80 Labs

47 Year History of Building Businesses 

Rand Capital was founded in 1969 with the intention of investing in and assisting entrepreneurs. To this day, we continue to hold true to our original mission.

View History

Backed by Years of Experience

Having skin in the game (~ 15% insider ownership), coupled with years of venture capital experience is a powerful combination.  

View Management Team View Board of Directors

Contact Us

We are actively seeking investment opportunities. Together, we can continue to make Western and Upstate New York prosper.

Contact Us