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 Small Business Investment Company (SBIC) was established in 2002. Since then, until December, 31 2017, we exited 29 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, 2017, we exited 11 investments and achieved a 4.0x cash multiple on our investments in those companies, achieving a 40.0% internal rate of return.
Historical Investment Partners
Some of our historical investment partners include, but are not limited to:
Advantage Capital Partners
Ascent Venture Partners
Bain Capital Ventures
Bessemer Venture Partners
Cayuga Venture Fund
FA Technology Ventures
North Atlantic Capital
Pine Street Capital Partners
Richmond Capital Partners
Rochester Angel Network
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.
Backed by Years of Experience
Having skin in the game (~ 15% insider ownership), coupled with years of venture capital experience is a powerful combination.
We are actively seeking investment opportunities. Together, we can continue to make Western and Upstate New York prosper.