About

Philosophy

Rand Capital is an externally-managed Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC). The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries.

Adviser

The Company’s investment activities are managed by its external investment adviser, Rand Capital Management LLC.

Our Results

Our Small Business Investment Company (SBIC) was established in 2002.  Since then, until December, 31 2018, we exited 30 investments and achieved a 2.9x cash multiple on our investments in those companies, achieving a 26% internal rate of return. In the past five years ending December 31, 2018, we exited 8 investments and achieved a 5.2x cash multiple on our investments in those companies, achieving a 66% internal rate of return.

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

Over 50 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 (~ 62% 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